Quote:
Posted By PeterD3 on 04/16/2012 7:06 AM
I believe Leo is correct in his initial assessment.
The suspension of a voting right prevents that interest from being considered for ANY purpose, including a quorum, an election, or the votes required to approve an action.
Peter,
Based on your interpretation, a rouge board could suspend the voting rights of most of the membership and then amend the CC&Rs. Example:
100 lots, board suspends voting privileges of 80 lots.
CC&Rs require 2/3 to amend.
2/3 of 20 = 14 vote needed to amend the CC&Rs.
I don't think that this was the intent of that passage. I interpret it to also be dependent on the language used for required passage:
x% of membership = the entire membership irregardless of voting rights
x% of members entitled to vote = only those who have voting rights
x% of voting interest = only those who have voting rights
x% of votes cast = only the number of valid ballots received
x% of members present at meeting = only those who have voting rights (based on statute)