Strata Management Licensing Practice Exam · Question
What happens if a strata corporation fails to hold an AGM within the required timeframe?
If an AGM is not held within the required timeframe (within 2 months of the strata corporation's fiscal year-end), section 51 of the Strata Property Act allows
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Question: What happens if a strata corporation fails to hold an AGM within the required timeframe?
Answer options:
- The strata manager's license is automatically suspended.
- The strata corporation automatically dissolves. ✅ An owner or interested party can petition the courts to order an AGM.
- All strata fees for the year are automatically waived.
Correct answer: An owner or interested party can petition the courts to order an AGM.
Explanation: If an AGM is not held within the required timeframe (within 2 months of the strata corporation's fiscal year-end), section 51 of the Strata Property Act allows an owner or interested person to apply to the Supreme Court for an order.
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