Background Image
Previous Page  48 / 118 Next Page
Information
Show Menu
Previous Page 48 / 118 Next Page
Page Background

person calling the meeting at least three days before the mailing of the notice of the meeting.

1998, c. 19, s. 63 (6).

Notice of meeting

(7)

The person calling the meeting shall, at the expense of the corporation, include in the

notice of the meeting,

(a) a statement of the name of the auditor who is proposed to be removed and the reasons

for the removal; and

(b) a copy of all representations received. 1998, c. 19, s. 63 (7).

Resignation

64. (1)

A resignation of an auditor becomes effective at the time a written resignation is

delivered to the corporation or at the time specified in the resignation, whichever is later. 1998,

c. 19, s. 64 (1).

Representations

(2)

In a resignation, the auditor may make written representations to the corporation

concerning the resignation and in that case the corporation shall attach a copy of the

representations to the notice of the next meeting of owners. 1998, c. 19, s. 64 (2).

Vacancy

65. (1)

If a vacancy arises in the office of auditor, the directors may appoint any person

qualified to be an auditor to hold office as auditor to fill the vacancy. 1998, c. 19, s. 65 (1).

Term of replacement

(2)

An auditor appointed under subsection (1) shall hold office until the close of the next

annual general meeting or until a successor is appointed, whichever is later. 1998, c. 19, s. 65 (2).

Financial statements

66. (1)

A corporation shall have its financial statements prepared in the prescribed manner

and in accordance with generally accepted accounting principles as are prescribed. 1998, c. 19,

s. 66 (1).

Contents

(2)

The financial statements shall include,

(a) a balance sheet;

(b) a statement of general operations;

(c) a statement of changes in financial position;

(d) a statement of reserve fund operations;

(e) prescribed information relating to the reserve fund study and the operation of the

reserve fund;

(f) an indication of the aggregate remuneration paid to the directors in that capacity and

the aggregate remuneration paid to the officers in that capacity; and

(g) the additional statements or information that the regulations made under this Act

require. 1998, c. 19, s. 66 (2).

Approval