EdH3 (South Carolina)
Posts: 12
Posts: 12
Posted:
Hello:
I know that this subject has been aired here before, on this forum. However, what procedure should be followed ( In Steps ) after a Board resigns in mass? I feel that this is going to happen at our next Annual Meeting at the end of this month. We like a lot of communities suffer from Apathy and find it difficult to fill positions on our board. We have a present Board with five members. Three of the members have been on the board for 3 to 4 years! They are getting tired of the duties and I really can't blame them. The balance of the board have been there for 2 years. They are getting burned out as well. I have read in previous posts, where a "Final Solution" may be to ask for a receivership? How do you accomplish this? I am pessimistic about new board members coming forward to take over for those who have resigned. We may be without a Board at the end of this month and I am dismayed about what to do. As you may have guessed by now, that I am a present board member. I like to operate with an "What If" attitude but at the moment we are at a loss of what to do if this occurs. We have a management company and they are directed by the Board on many matters, especially approving expenses. What happens if they have no direction? Would appreciate input from others who have had experience with entire board resignation and how the HOA proceeded. Thanks.
I know that this subject has been aired here before, on this forum. However, what procedure should be followed ( In Steps ) after a Board resigns in mass? I feel that this is going to happen at our next Annual Meeting at the end of this month. We like a lot of communities suffer from Apathy and find it difficult to fill positions on our board. We have a present Board with five members. Three of the members have been on the board for 3 to 4 years! They are getting tired of the duties and I really can't blame them. The balance of the board have been there for 2 years. They are getting burned out as well. I have read in previous posts, where a "Final Solution" may be to ask for a receivership? How do you accomplish this? I am pessimistic about new board members coming forward to take over for those who have resigned. We may be without a Board at the end of this month and I am dismayed about what to do. As you may have guessed by now, that I am a present board member. I like to operate with an "What If" attitude but at the moment we are at a loss of what to do if this occurs. We have a management company and they are directed by the Board on many matters, especially approving expenses. What happens if they have no direction? Would appreciate input from others who have had experience with entire board resignation and how the HOA proceeded. Thanks.