BonnieG1 (Nebraska)
Posts: 1,186
Posts: 1,186
Posted:
One paragraph state "No director shall receive cmpensation for any services he may render in his capacity as a member of the Board of Directors unless such compensation is approved at a meeting of the Members. However, any director may be reimbursed, by resolutin of he Board of Directors, for his actual expenss incurred in the performance of his duties as a director."
Another paragraph states, "Except as authorized by the Board of Directors, officers of the Association shall receive no compensaton for their services in such capacity, provided, however, a Board member, officer, or other Owner or Occupant may be retained by the Association and fairly compensated for services performed or materials supplied to the Association in an individual capacity. The officers of the Association may be reimubursed, by resolution of the Board of Directors, for out-of-pocket expenses incurred in the performance of their duties.
One of our Board members has interpreted the second paragraph giving permission to pay one Board member as Resident Agent and to pay another Board Member as Bookkeeper.
Our documents clearly state that managing is a Board responsibility and also that bookkeeping is a Board responsibility. Although the Board is giving authority to hire a manager and/or bookkeeper.
I interpret the second paragraph to mean we can hire a Board member......... to paint, do repairs etc.
We are a senior condominium in Nebraska with 43 units.
Another paragraph states, "Except as authorized by the Board of Directors, officers of the Association shall receive no compensaton for their services in such capacity, provided, however, a Board member, officer, or other Owner or Occupant may be retained by the Association and fairly compensated for services performed or materials supplied to the Association in an individual capacity. The officers of the Association may be reimubursed, by resolution of the Board of Directors, for out-of-pocket expenses incurred in the performance of their duties.
One of our Board members has interpreted the second paragraph giving permission to pay one Board member as Resident Agent and to pay another Board Member as Bookkeeper.
Our documents clearly state that managing is a Board responsibility and also that bookkeeping is a Board responsibility. Although the Board is giving authority to hire a manager and/or bookkeeper.
I interpret the second paragraph to mean we can hire a Board member......... to paint, do repairs etc.
We are a senior condominium in Nebraska with 43 units.