Notice required for an EGM

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29 May 2015 22:58 by technodec Star rating in Staffordshire &River.... 19 posts Send private message

Can some one please quantify the legal requirements for the time that has to be given to call an EGM.

I have been told by my administrationcompany that it is 15 days but this has not been the case in the past.

I am a newly elected President (English) and do not want to fall foul of Spanish H.P. Law.





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29 May 2015 23:16 by Team GB Star rating. 1245 posts Send private message

Team GB´s avatar

Owners’ Assemblies (AGM’s and EGM’s)

At least once a year an AGM will be called to approve the budget and accounts. An EGM may additionally be called at anytime, needing 25% of the unit owners’ quotas.

The notification must be given with a minimum of 3 days’ notice. This creates practical problems to non-residents owning second homes in Spain. Therefore, communities with a high number of non-resident owners may include in their Bylaws more realistic notices of, say, 14 days and to be notified by e-mail in addition to placing it on the Community’s Notice Board. There’s freedom and flexibility to rule on this as each community deems fit in accordance to their own needs and circumstances. Logic should prevail.



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