16 First Annual General Meeting To Be Held By Owner Developer

16 (1) The owner developer must hold the first annual general meeting during the 6 week period that begins on the earlier of

• (a) the date on which 50% plus one of the strata lots have been conveyed to purchasers, and
• (b) the date that is 9 months after the date of the first conveyance of a strata lot to a purchaser.

• (2) The owner developer must give notice of the meeting in accordance with section 45 and must include with the notice the budget and financial statement referred to in section 21.

1998-43-16, effective July 1, 2000 (B.C. Reg. 43/2000).