Tag Archives: fiscal year
How to Satisfy the Legal Requirement of a Minute Book for Board Minutes
Why do you need to keep board minutes? Your condo is required by Article 1012 of the Civil Code to keep minutes of every council (board) meeting, along with their attachments. These minutes are an important part of your condo’s records that: are a permanent and legal record of the proceedings of each board meeting;… Read more…
Your Condo’s Fiscal Year
In my book, the “Jalisco Condo Manual,” I say that a condo’s fiscal year should run from April 1 to March 31. I get a lot of questions like, “Where does it say this in the condo law?” It’s Implicit Rather Than Explicit Those of you who’ve asked this are right! There’s nothing in the… Read more…
