#71946
Sir Humphrey
Strataguru

    Is this the fourth quarterly levy payment as approved at the previous AGM? If so, then you would have had almost a year of notice.

    If this is for a first levy payment for the coming year’s budget due on the 20th that it is assumed will be approved at the AGM on the 19th, then it could be 1) presumptuous to assume the budget will be approved without amendment and 2) unwise if there is any risk of a reduced quorum at the AGM. If the meeting has a reduced quorum, then the decisions of that meeting do not take effect until 28 days have elapsed after the meeting. The earliest due date I would have for the first levy payment of a new budget would be a full month after the AGM date, and even that is really a bit too soon.

    • This reply was modified 9 months, 3 weeks ago by .