Is there any substitute for HOA if all Boards resign?

Started by MatthewK2 • 6 replies • 1351 views

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MatthewK2 (New Mexico)
Posts: 34

Posted:

We have 5 Board members. They may resign except me.
Is there any substitute for HOA ?

LarryB13 (Arizona)
Posts: 4,099

Posted:

Quote:

Posted By MatthewK2 on 02/26/2013 3:25 PM
We have 5 Board members. They may resign except me.
Is there any substitute for HOA ?

In most states, if the number of directors falls below the minimum number required for a quorum, the remaining board members may appoint sufficient numbers of people to the board to reach a quorum.

JeanneK3 (Maryland)
Posts: 562

Posted:

If nobody wants to be on the board, residents can ask the courts to appoint a "receiver" to run the association. This is usually an attorney and this will cost you a fortune. Do everything you can to appoint new board members.
Jeanne

MatthewK2 (New Mexico)
Posts: 34

Posted:

Thank you, Larry. I appreciate you.

MatthewK2 (New Mexico)
Posts: 34

Posted:

Thank you, Jeanne for the great information!

MatthewK2 (New Mexico)
Posts: 34

Posted:

Thank you, Larry. God Bless you!

MatthewK2 (New Mexico)
Posts: 34

Posted:

Thank you, Jeanne,for your advice!

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