{ tooltip = 'Copied'; setTimeout(() => tooltip = 'Copy Link', 2000); })" :data-tip="tooltip" class="tooltip tooltip-primary tooltip-bottom" class="cursor-pointer" role="button">
Re: Quorum in Meetings of a Condominium Corporation
Download as PDF
Download as Word
Highlights
New
Collections
Create a New Collection
Overview
Full Text
{ tooltip = 'Copied'; setTimeout(() => tooltip = 'Copy Link', 2000); })" :data-tip="tooltip" class="tooltip tooltip-primary tooltip-bottom" class="cursor-pointer" role="button">
Details
Case
Agency Issuance Number
Published Date
Re: Quorum in Meetings of a Condominium Corporation
SEC-OGC Opinion No. 25-19
July 22, 2019
Tags
Securities and Exchange Commission
SEC Opinions
Corporate
Re: Quorum in Meetings of a Condominium Corporation
SEC-OGC Opinion No. 25-19
•July 22, 2019
July 22, 2019SEC-OGC OPINION NO. 25-19RE: QUORUM IN MEETINGS OF A CONDOMINIUM CORPORATIONWilliam L. ChewPresidentPico de Loro CoveCondominium CorporationHamilo Coast, Barangay Papaya4231 Nasugbu, BatangasGentlemen :This refers to your letter dated 16 March 2018 requesting an opinion on determining quorum during annual membership meetings of Pico De Loro Cove Condominium Corporation ("Pico De Loro"). HTcADCIn your letter, you stated that Pico De Loro is a non-stock, non-profit corporation whose annual membership meeting is set by its By-Laws on the last day of April of each year. For years 2016 and 2017, the annual meetings were adjourned for failure to constitute a quorum.As some members are suggesting that the basis of quorum for Pico de Loro's annual membership meeting is "the attendance of only a simple majority of the members who are in good standing," you are now seeking confirmation that the proper basis of quorum should be as stated in the By-Laws and Master Deed with Declaration of Restrictions ("Master Deed"), and that the absence of such quorum would render all acts or transactions made during...
Login to see full content
Tags
Securities and Exchange Commission
SEC Opinions
showFlash = false, 6000)"
>