October 14, 2024
Do you have to elect a chairperson in a body corporate?
This is a question I was recently asked during a consultation with a client. Now, according to the Sectional Titles Schemes Management Act 8 of 2011 (“the STSMA”), the trustees must elect, from their number, a chairperson. This is normally done at the first trustee meeting following the Annual General Meeting (“AGM”).