Marginal note:Annual meeting
25 (1) The Board shall call an annual meeting of members not later than three months after the end of each fiscal year of the Association for the purpose of
(a) receiving the financial statements of the Association for the preceding fiscal year and the report of the auditor thereon;
(b) electing directors;
(c) considering and approving, with such changes as the members consider necessary, the operating budget submitted by the Board pursuant to subsection 22(1);
(d) considering and approving, with such changes as the members consider necessary, the capital budget submitted by the Board pursuant to subsection 23(1); and
(e) considering any other matter respecting the operations of the Association.
Marginal note:Proxies
(2) A member entitled to vote at a meeting of members may, by means of a proxy, appoint a proxyholder or one or more alternate proxyholders to attend and act at the meeting in the manner and to the extent authorized by the proxy and within the authority conferred by the proxy.
- 1980-81-82-83, c. 40, s. 79
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