The strata council of Strata Plan BCS1234 in Kelowna wants to hold its Annual General Meeting (AGM). Which of the following is an accurate requirement regarding the timing of this meeting?

Question: The strata council of Strata Plan BCS1234 in Kelowna wants to hold its Annual General Meeting (AGM). Which of the following is an accurate requirement regarding the timing of this meeting?

Answer options:

• The AGM must be held no later than 2 months after the strata corporation's fiscal year-end. ✅ The AGM must be held at least once every calendar year, but no more than 15 months after the last AGM.
• The AGM must be held within 3 months of the strata corporation's fiscal year-end.
• The AGM must be held between 1 and 3 months after the end of the strata corporation's fiscal year.

Correct answer: The AGM must be held at least once every calendar year, but no more than 15 months after the last AGM.

Explanation: Section 39(1) of the Strata Property Act states that an AGM must be held at least once in each fiscal year of the strata corporation, but not more than 15 months after the date of the last AGM.