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What else can I help you with?
In Florida does a HOA board member have to be on the deed?
Read your governing documents to determine eligibility for board membership. There may be requirements for each board member, and requirements for the majority of board members insofar as ownership is considered.
Can the board president dismiss a member?
It depends on whether the member is a member of the board, or a member of the association. If, for example, the developer is the board president and has appointed a member of the board who serves at the pleasure of the developer, the developer may indeed be able to dismiss such a member. Your governing documents detail whether or not this is possible and the process by which it is completed. If a board member has been elected by the members/ owners, then no: the President board member may not dismiss another board member. Board members can only be recalled by a vote of owners. On the other hand, if owners are members and not members of the board, then, no: all owners are members of the association until their property is sold to another buyer. They cannot be dismissed by anyone. Your governing documents are clear, and if they are silent, your state law governing associations is clear about the rights of boards and their responsibilities and authorities, depending on the status of the association. As well, if the association is a corporation, state law governing that type of corporation may apply.
Do you capitalize board members?
The board member's name should be capitalized. Board member, itself, should only be capitalized if it directly precedes the name of the member.
How many members of the Board of Governors are there?
The Fed's primary policy-making group is the seven-member Board of Governors.
What is the difference in Liability for an advisory board member vs a statutory board member?
Advisory board members do not usually have authority to make decisions or governing responsibilities and, as such, should have no liability. "Statutory members" is not a phrase with which I am familiar but if it refers to governing board members, they do have authority to make decisions and can be held liable.
Does the Illinois Condo Act prohibit board members to remove another from their position at any specific time?
The Illinois Condominium Act serves as a template for your governing documents, which is where you'll find the guidelines for the answer to the question that you asked. If your association is also a corporation, the answer may be there. Look for a section with Removal of a Director in the title. The timing of a board-member removal is rather like death: there's never really a convenient time for it. But in both cases, demise can also be welcome.
Are board members considered employees within the organization?
No, board members are not considered employees within the organization. They are typically volunteers who provide oversight and guidance to the organization.
The PCAOB is made up of how many members?
The PCAOB is a five-member board of financially literate members.
Meaning of ex-officio?
By virtue of holding a particular office or position; "by right of office". For example, you might be required to select a member of one board from the members of another board, making that member's selection ex officio, as he or she would not have been selected otherwise.
How can someone become a member of the board of directors?
To become a member of the board of directors, an individual typically needs to be nominated by a current board member or shareholder, meet any eligibility requirements set by the organization, and be elected by a majority vote of the existing board members or shareholders.
Would it be a conflict of interest if a board member works for the property management company?
If your association board member works for the managingassociation management company, this is an obvious conflict of interest. The board member should either resign from the board or leave the employ of the company.If the board member works for another property management company, the conflict may exist, especially when the board member deals with confidential issues that are required to be kept confidential by the board.When there is a potential conflict, the board member's conduct is best documented when the board member acknowledges the conflict or potential conflict, and declines to vote on an issue where the conflict is involved or could be involved in the board's decision.
Can you hire condo board members?
There is no standard. Read your governing documents to determine the qualifications for a board member. If your governing documents are silent, read the state law that covers the type of corporation formed for your association, if any. When governing documents are silent, the state law applies. Generally, it may be possible to hire a board member, but hired board members may not make up the majority of board members.
