#4244
Evelyn Swanson
Participant

This reply is late, but perhaps you can fill us in on the result. I thimk this is a question you should ask of your lawyers. Do they have a reason for leaving out the provision for a special resolution approving expenditures exceeding $30,000, or did they just miss it? I don”t believe the new legislation requires a special resolution to permit such an expenditure from the Reserve Fund unless it is a capital improvement, nor does it prevent the corporation from requiring such a provision in your bylaws. If your lawyers see no legal impediment to inclusion, the question might be whether to require a special resolution (difficult for large condos with few active owners) or an ordinary resolution by show of hands, that could be passed at a general meeting provided there is a quorum.