In response to the COVID-19 pandemic, the Government of Ontario has extended temporary legislative amendments to the Condominium Act, 1998 (Condo Act) related to virtual owner meetings. Previously set to expire on September 3, 2022, the effective period of these temporary legislative provisions have now been extended until September 30, 2023.
What Does This Mean for You?
For corporations governed under the Condo Act, the extension of these temporary legislative provisions permits corporations to call and hold owner meetings and collect votes through telephonic or electronic means as applicable, regardless of whether the corporation has an authorizing by-law in place until September 30, 2023.
These legislative provisions also permit Corporations to continue notifying their owners of upcoming meetings via email, including owners who have not expressly entered into an agreement with the corporation permitting electronic communications.
Those that haven't already, we strongly encourage corporations governed under the Condo Act to prioritize passing a by-law permitting the use of electronic means for their governance meetings over the next 12 months to give the corporation the flexibility to call and hold owner meetings and collect votes through telephonic or electronic means despite legislative changes after September 3, 2022
For additional information regarding the extension of the effective period of these temporary legislative provisions to the Condo Act, check out the resources below:
Bill 190, COVID-19 Response and Reforms to Modernize Ontario Act, 2020
Bill 276, Supporting Recovery and Competitiveness Act, 2021
Summary of legislative changes to support corporations and businesses
If you'd like to learn how our Hosted Virtual Meeting solution can help your corporation run a successful virtual AGM, get in touch with our team today.