Limiting the proxy votes in a community meeting
Quote:
Originally Posted by
royleon
Hola,
I have just logged on and registered with your Forum. The reason being is that the above question was precisely what I wanted to ask.
However I cannot find a response from a Legal Beagle. Am I doing something wrong..?
We have precisely the same situation in our Urb. Personally I have no problem with it, as obviously all of the proxy senders have faith in his integrity, as do I. Needless to say there is a small noisy minority that claim that this is illegal. They want an Item on our AGM agenda that limits an owner to holding a maximum of 3 proxies. Their motive is clear, they think that this will limit the number of votes against their plans. Whereas 10 owners holding 3 proxies each against their plans, is the same as the president holding 30 votes.
I would very much appreciate an independent legal opinion.
Thank you in advance
Roy Leon
Yes please I would like to know if it would be illegal to limit the amount of proxy votes a person holds - I mean could this be put into the community rules, and if it were, would it hold up in court if challenged?