RichardD (North Carolina)
Posts: 66
Posts: 66
Posted:
I am currently president of a 66 unit condo association in NC. Last June we took over the ass'n from the declarant. At our annual meeting a 5 member BOD was elected. Three of the positions were for 2 year terms and two were for 1 year terms. I received the most votes and was ultimately elected president by the board and was to serve a 2 year term.
My question: Am I serving a 2 year term as president, or does the board re-elect officers each year? Can I be replaced as president after serving only one year? Our by-laws does not explain.
My question: Am I serving a 2 year term as president, or does the board re-elect officers each year? Can I be replaced as president after serving only one year? Our by-laws does not explain.