Board and Management Certification Respecting Directors in Arrears
Agency for Co-operative Housing
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Director Arrears - By-law Provisions (AB)
Agency for Co-operative Housing
Director Arrears - Sample By-Law Provisions Respecting Director Arrears (ON)
Agency for Co-operative Housing
Director Arrears - Stand-Alone By-law (Ontario)
Agency for Co-operative Housing
Arrears Management Tip Sheet
Agency for Co-operative Housing
In Arrears? Who, Me?
Date
15 October 2024
A director is in arrears when they owe their co-op money. Simple. Easy to understand.
In the old days (B.A.: Before the Agency), many co-ops saw things differently. Back then, a director who had signed a repayment agreement might not count as being in arrears. If they were keeping up with their
Tip of the Month
Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.