Multi-Unit Developments Act 2011
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Structure of certain owners’ management companies. |
14.— (1) The voting rights of members in an owners’ management company to which this section applies shall be structured in such a manner that in the determination of any matter by the members of the company one vote shall attach to each residential unit in a multi-unit development to which the owners’ management company relates, and that no other person has voting rights in respect of such determination. | |
(2) Each vote referred to in subsection (1) shall be of equal value. | ||
(3) The words “owners’ management company” shall be included in the name of every owners’ management company to which this section applies which words may be abbreviated to “OMC”. | ||
(4) This section applies to owners’ management companies of multi-unit developments in respect of which no contract for the sale of a residential unit has been entered into prior to the enactment of this Act. | ||
(5) This section applies to the owners’ management company of a mixed use multi-unit development subject to section 2 (4). |