Topic: Board of Directors
Questions ANSWERED
What is a Board of Directors?
​
The Homeowner's Association again is a corporation and therefore a governing body that is required to oversee its business. The Board of Directors is elected by the homeowners, or as otherwise specified in the bylaws. The limitation and restrictions of the powers of the Board of Directors is outlined in the association’s Bylaws.
The Board of Directors may not take action as individuals, as their power and authority, as well as their protection from individual liability, is limited to those decisions taken via a quorum vote (majority vote) at a duly held and noticed meeting. Once a Board member steps outside of a meeting, they have the same rights and responsibilities as any individual member living within the community. They pay assessments, must follow the rules and are held to the same standards as any other community member.
​
(Courtesy of Neighborhoodlink.com)