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In general, an association's board of directors cannot sell common areas without the approval of the association's members, as these areas are typically owned collectively by all members. The specific rules and procedures for selling common areas should be outlined in the association's governing documents, such as the bylaws or CC&Rs (Covenants, Conditions, and Restrictions). If the board wishes to sell common areas, they usually must hold a vote among the members to obtain the necessary consent.
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What has the author William R Conrad written?
William R. Conrad has written: 'The new effective voluntary board of directors' -- subject(s): Directors of corporations, Associations, institutions, Management, Boards of directors, Voluntarism 'The effective voluntary board of directors' -- subject(s): Directors of corporations, Associations, institutions, Management, Boards of directors, Voluntarism
Is 'the board of directors' a proper noun?
No, the noun phrase 'the board of directors' is composed of common nouns. The noun phrase 'the board of directors' is a general term for a group of people that performs a particular function. A proper noun is the name of a specific person, place, or thing.
How are dividends on common stock determined?
they are determined by the board of directors
How are the dividends on common stocks determined?
they are determined by the board of directors
What is the collective noun for 'directors'?
The collective noun for directors is a board of directors.
Is 'Board of Directors' singular or plural?
"Board of Directors" is a singular (one board) compound noun that takes a singular verb.Think of it as 'a special group' of directors. The group may be large or small.Example: "The board is meeting this afternoon. (is= singular verb)But when talking about 'the directors', they may be large or small, or of varying sizes!Example: "The directors are meeting this afternoon." (are = plural verb)COMPANY / CORPORATE LAWA company has a Board of Directors. It is clearly singular. Therefore singular verbs and singular pronouns are used when referring to 'a board' or 'the Board' of Directors.Examples of usage:"The World Bank Group has four Boards of Directors. ... Each Board of Directors is responsible for the conduct of ..." -The World Bank"The MCC Board of Directors is composed of the Secretary of State, the Secretary of ..." -Millennium Challenge Corporation, USA"If the board of directors has judged that a member bank is performing or behaving poorly, it will report this to the Board of Governors." -WikiPedia - Federal Reserve System"The exercise by the board of directors of its powers ..." -WikiPedia - Board of Directors"The board of directors generally sets broad corporate policy ..." - FreeDictionary.comNOTE that the verbs 'is', 'has', 'it', 'its' and 'sets' are all singular forms.PLURALThe plural of 'board of directors' is 'boards of directors / Boards of Directors"Some directors may serve on a numbers of different Boardsof Directors, that is, they have directorships with more than one company.EXAMPLES OF USAGEBoards of Directors are responsible for ...If boards of directors have judged ... they will report ...The exercise by boards of directors of theirpowers ...Boards of directors generally set broad corporate policy. etc
Do Condominium associations have to have A Board of directors?
Yes, many (and maybe all) condominium associations have boards of directors. This style of real estate ownership -- an association -- is a business. The business is properly registered with the Secretary of State (the location of the community) as a corporation, usually a non-profit. Business require boards of directors in order to operate the business of the association.
Is it correct to say in the board or on the board of directors?
It is correct to say "on the board of directors." The preposition "on" is commonly used to indicate membership or participation in a group or committee, such as a board. Saying "in the board" is less common and may sound awkward in this context.
Can the treasure of board of directors also be the secretary of the board of directors in nebraska?
No, the treasurer of the board of directors cannot be the secretary of the board of directors in Nebraska unless it is in the acting capacity.
Can the secretary of the board of directors also be the treasure of the board of directors in Nebraska?
No, the secretary of the board of directors cannot be the treasurer of the board of directors in Nebraska unless on acting capacity.
Can the secretary of the the board of directors of a s corp also be the treasure of the board of directors?
The secretary of the board of directors of a corporation can only be a treasurer of the board of directors in an acting capacity.
What is Difference between board of directors and board members?
Board directors and board members may sit on the same board. However, members do not have a power of veto, and the board of directors does.
