What is the minimum notification period for calling special meetings of the members of a cooperative?

Prepare for the Virginia Real Estate License Test. Use flashcards and multiple-choice questions with hints and comprehensive explanations to ace your exam. Start your study today!

The minimum notification period for calling special meetings of the members of a cooperative is 10 days. This timeframe is established to ensure that all members have adequate notice to prepare for the meeting, which may involve important decisions that affect the cooperative as a whole.

By providing a 10-day notice, members are given the opportunity to review any relevant materials, formulate questions, and consider their stance on the issues to be discussed. This notification period supports good governance by encouraging participation and transparency within the cooperative, allowing members to engage meaningfully in the decision-making process.

Options that suggest shorter notification periods, such as 5 days or 72 hours, would not typically allow sufficient time for proper preparation or participation. While a 14-day notice may seem reasonable, it exceeds the minimum requirement set forth for such meetings in this context.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy