RTA · Condominium Property Regulation
Part 2 — Capital Replacement Reserve Fund
21 Definitions
(a) "common property" includes common property referred to
in section 14(1)(a) of the Act;
(b) "depreciating property" means the property to which
section 38(1) of the Act applies;
(c) repealed AR 154/2019 s13;
(d) "reserve fund" means, in respect of a corporation, the
capital replacement reserve fund required to be
Section 21.1 AR 168/2000
established and maintained by the corporation under
section 38 of the Act;
(e) "reserve fund plan" means a plan prepared and approved
in accordance with section 23(4) or 30(c);
(f) "reserve fund report" m eans a report prepared in
accordance with section 23(3) or 30(b);
(g) "reserve fund study" me ans a study carried out in
accordance with section 23(1) and (2) or 30(a).
(2) For the purposes of section 23, a reference to a reserve fund
study provider includes a corporate entity if the corporate entity, in
carrying out the functions of a reserve fund study provider,
employs or otherwise retains the services of an individual who is a
reserve fund study provider to carry out those functions.
(3) For greater certainty, nothing in this Part precludes a reserve
fund study provider from
(a) engaging a person who is not a reserve fund study
provider to assist in the carrying out of a reserve fund
study or in the preparation of a reserve fund report, or
(b) relying on information and documents prepared or
provided by persons who are not reserve fund study
providers in the carrying out of a reserve fund study or in
the preparation of a reserve fund report.
AR 168/2000 s21;108/2004;154/2019
(1) The president or, in the event of the president's absence or
disability, the vice-president or other individual designated by the
president or vice-president, shall act as chair of an annual general
meeting or a general meeting.
(2) The order of business at an annual general meeting and, as far
as practicable, at any other general meeting, is to be as follows:
(a) call to order by the chair;
(b) calling of the roll and certifying of proxies;
(c) proof of notice of meeting, waiver or proxies, as the case
may be;
(d) reading and disposal of any unapproved minutes;
(e) vote on agenda items;
(f) reports of officers, if any;
(g) reports of committees, if any;
(h) election of members of the board;
Schedule 4 AR 168/2000
(i) agenda items of unfinished business;
(j) agenda items of new business;
(k) adjournment.
(3) In the event that there are no members on the board and a
general meeting is called, the order of business at the meeting is to
be as follows:
(a) call to order by the indivi dual who called the meeting;
(b) calling of the roll and certifying of proxies by the
individual who called the meeting;
(c) proof of notice of meeting, waiver or proxies, as the case
may be, by the individual who called the meeting;
(d) election of a meeting chair;
(e) other business as may be applicable under subsection
(2)(e) to (k).
22 Repealed AR 23/2026 s37.