ConchoP (Texas)
Posts: 208
Posts: 208
Posted:
In Texas what do you do when all but one board member resigns? Our President is the only one that stayed.
Bylaws state we must have 3 board members, no more than 5.
Our bylaws state:
Removal of Directors and Vacancies:
Vacancies. A director's position becomes vacant if the director dies, becomes incapacitated, resigns or is no longer a Member.
Successors. If a director is removed or a vacancy exists, a successor will be elected by the remaining directors for the reminder of the term.
Would a quorum of the board have to be met? or If Successors are elected by the remaining directors, then wouldn't the President be able to elect members to fill positions?
Bylaws state we must have 3 board members, no more than 5.
Our bylaws state:
Removal of Directors and Vacancies:
Vacancies. A director's position becomes vacant if the director dies, becomes incapacitated, resigns or is no longer a Member.
Successors. If a director is removed or a vacancy exists, a successor will be elected by the remaining directors for the reminder of the term.
Would a quorum of the board have to be met? or If Successors are elected by the remaining directors, then wouldn't the President be able to elect members to fill positions?