Relates to elections involving board members, by-law amendments, or dissolution, reconstitution or conversion of mutual housing companies

Summary

The bill requires that any shareholder vote in a mutual housing company – including board elections, by‑law changes, dissolution, reconstitution, conversion, or special assessments – be conducted by secret ballot, either electronically through a neutral third party or in person. It also limits disqualification of board candidates to those owing more than two months of maintenance fees and establishes a 25% quorum for companies with 1,000 or more shareholders. The changes take effect immediately.

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