› Forums › Levies and Unit Entitlements › When is an owner deemed as unfinancial? › Current Page
@twosailram said:
…The interesting question is, If someone is unfinancial when the meeting starts, and the meeting is adjourned for whatever reason, AND the unfinancial owner becomes financial before the adjourned meeting, can they vote at the adjourned meeting?
The short answer is that I don’t know. That might be the sort of thing covered by a precedent court decision if it is not completely clear from the Act.
My longer answer would be to say that if I were the chair of the meeting and the meeting were adjourned and a member of the OC had become financial before the adjourned meeting commenced, then I would accept their vote. I would argue that this is consistent with the spirit of the Act (all financial members should have the opportunity to take part in democratic decision making) even if a pedantic argument might be made along the lines of the adjourned meeting being a continuation of the meeting that started when the member was unfinancial.
