JoeS8 (Pennsylvania)
Posts: 4
Posts: 4
Posted:
Our property manager and the current board (all still the declarant) did not follow the procedure spelled out in the Public Offering Statement for the first transitional election of Board Members. Spefically they. did not follow the very clearly spelled out nomination and acceptance of nomination process. Would this election be considered valid.
Secondly, if what constitutes a quorom is not spelled out what is the normal definition of what makes up a quorom. My understanding is at least a majority. However, the current board is stating 20% even though that is not spelled out in the POS.
Secondly, if what constitutes a quorom is not spelled out what is the normal definition of what makes up a quorom. My understanding is at least a majority. However, the current board is stating 20% even though that is not spelled out in the POS.