Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011)RegulationsSectional Titles Schemes Management Regulations, 2016AnnexuresAnnexure 1 : Management rulesPart 3 : Trustee meetings and decisions9. General powers and duties |
The trustees must—
| (a) | meet to carry out the body corporate's business, adjourn and otherwise regulate their meetings as they think fit, subject to the provisions of the Act, these rules and the common law of meetings; |
| (b) | exercise the body corporate's powers and functions assigned and delegated to them in terms of section 7(1) of the Act in accordance with resolutions taken at general meetings and at meetings of trustees; |
| (c) | apply the body corporate's funds in accordance with budgets approved by members in general meeting; |
| (d) | appoint any agent or employee in terms of section 4(a) of the Act in terms of a duly signed written contract; and |
| (e) | compile minutes of each trustee and general meeting in accordance with rule 27(2)(a) and distribute these to the persons entitled to notice of the meeting concerned as soon as reasonably possible, but not later than 7 days after the date of the meeting. |
