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Hi all,
Big problem with a strata involving commercial and residential owners with about 40 lots.
7 commercial lots are owned by one company and have approximately 23-24% of unit entitlements.
The company has 3 directors.
As a company that owns 7 lots, are the company directors allowed to nominate up to 7 people on the executive committee?
Are they allowed to nominate all 3 directors and then use their unit entitlements to put 3 people on the executive.
If so, are they able to vote for themselves or must they rely on other lot owners for each of their nominations?
Am I right in assuming they can call for a poll vote in the election of EC members?
thanks in advance. I’m really struggling to unravel this one!
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