20 Sept 2017
WHEELDON & ORS v BODY CORPORATE 342525 [2018] NZCA 20
- Citation
- [2018] NZCA 20
- Court
- Court of Appeal
The Court upheld the High Court: the account in question was an optional contingency fund under s 118 and the Body Corporate validly exercised its right under s 117 not to maintain a long-term maintenance fund; committee members' unanimous participation by email and subsequent ratification by special resolution cured any procedural irregularity, so the special levy of $150,000 was valid and the Body Corporate lawfully incurred and paid the remediation costs.