Multi-Unit Developments Act 2011

14.

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) .