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Act by which the chairman of the board of directors ends a meeting or adjourns it to a later date in the event the quorum is not reached. The items on the agenda which have not been dealt with are the adjourned to future date. In such cases, a notice must be given to all the co-owners concerning the date on which it is postponed.
23/07/2024
Decisions taken by the directors must be recorded and recorded in minutes. This document is essential for a co-ownership, as it ensures that the deliberations of the board of directors, as well as the results of each vote, are kept in writing so that any co-owner and administrator can refer…...
23/07/2024
In order for the board of directors to validly deliberate and make decisions, the declarations of co-ownership generally provide that a minimum number of directors must participate to the meeting. This requirement is called the quorum. Unless the board of directors is composed of a single director, the quorum at a…...