| a) (v)
|| To qualify as a
director of the
Corporation, one must:
not have resigned or been removed from the board and two (2) years have not passed from the date that said director's term would have expired.
someone quits the board or is kicked off the board, they cannot run to
go back on the board for the rest of their term PLUS for a further two
So if a director sees that the majority of the board is doing something that goes against the best interests of the owners, they have to quit to be able to tell the owners and then they cannot return to the board for the rest of their term and for a further two more years.
Do you think that Rob Ford would agree to this kind of BS? How about any elected political leader?
Wait: there is more!
|(iv)||resigns orally at a meeting of
directors, or resigns in writing, in
which case such resignation shall be irrevocable; or,
It then goes on about the Directors' Code of Ethics.
|14.01||Each owner shall indemnify and save the Corporation harmless from any loss, cost, damage, injury or liability ("losses"), in respect of the owner's unit, common element or any other unit, and/or related to a breach of the Act or the Corporation's governing documents, which the Corporation may suffer or incur:|
|Articles 14.01 & 14.02 then go on to list a number of losses the board has in mind. They include:|
|any and all legal costs incurred by the Corporation, including:|
|(ii)||any excess of legal costs incurred by the Corporation over and above costs awarded by the court;|
|(iii)||the cost of any legal advice given to the Corporation|
|(iv)||the cost of any letters written by the Corporation and/or the Corporation's solicitor as a result of any such acts or omissions; and/or|
|(v)||any excess of legal costs incurred by the Corporation over and above costs awarded by a court in respect of any proceedings or other steps taken, resulting from an owner's default in payment of the common expense contribution in respect of a unit;|
|14.03||any cost that does, or may, affect the assets of the Corporation as determined by the Board.|