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Where did I read that new bylaws had to be reviewed but not necessarily enacted on? Is this true?
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@Ziggy said:
Where did I read that new bylaws had to be reviewed but not necessarily enacted on? Is this true?If you mean they have to be reviewed but not necessarily updated, then you are right. The reality is that any strata committee can say “We’ve had a look and they are OK.”
The intention, as stated in this Fair Trading fact sheet is for schemes to compare them with the model by-laws and see if they would benefit from being updated. But there is no compulsion to do that – and no penalty if you do nothing.
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