July 31, 2020 - Legislative Newsflash

Update on AGMs Now that Emergency Period Has Been Declared Ended

As of July 24th, 2020, the Ontario government has ended the  declaration of emergency  by virtue of Bill 195.    This means that  the COVID provisions suspending AGMs  are no longer in effect and condos will now be required to hold their AGMs and other meetings  in accordance with the transitional provisions found in  Bill 190.  (See links below for Bills 195 and 190.)

As indicated in our webinars (insert link for webinars here), there will be a big rush to schedule meetings to meet the new very short deadlines.   It is important for condos to get their meetings organized promptly and to line up their property managers, auditors and lawyers for attendance purposes.   Condos are still encouraged to hold virtual meetings as there are still restrictions in place regarding in person meetings.     Condos should consider passing a virtual meeting and electronic voting bylaw at their AGM to allow for these meetings to be held virtually if the need arises in the future.  See our webinar on this topic here (insert link to webinar on voting/meeting bylaws).  

As we now know the date  of the end of the declared emergency  (July 24, 2020), below is a list of dates condos should be aware of:

Link to Bill 195:    https://www.ola.org/en/legislative-business/bills/parliament-42/session-1/bill-195 

Link to Bill 190:    https://www.ola.org/en/legislative-business/bills/parliament-42/session-1/bill-190