An Extraordinary General Assembly (EGA) is a special meeting called by a homeowner association (HOA) to address urgent matters outside the annual general meeting. It is summoned to decide on significant issues requiring member voting.
An Extraordinary General Assembly (EGA) is a special meeting convened by a homeowner association (HOA) to address time-sensitive or urgent matters that can’t wait until the next Annual General Meeting (AGM). These meetings are typically summoned to make major decisions that require the approval and voting of the HOA members.
An EGA can be called at any time when there is a pressing issue that needs to be addressed. This could be anything from unexpected repairs or renovations, legal matters, changes in the HOA rules, or sudden increases in HOA fees. The decision to call an EGA would typically be made by the HOA board, or in certain cases, a significant percentage of the HOA members can petition for one to take place.
Like the AGM, an EGA must be conducted according to the bylaws of the HOA. This includes giving adequate notice to all members about the meeting and its agenda, conducting the meeting in a fair manner, and recording the minutes of the meeting. The EGA may also require a certain quorum, or minimum number of members, to be present to make the meeting valid and the decisions binding.
After an EGA, the decisions made during the meeting must be executed. This might involve acting on the agreed-upon actions, such as starting renovation work or changing the HOA rules. Also, the minutes of the EGA, including the decisions made and the voting results, must be shared with all HOA members.
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