AlexM1 (Oklahoma)
Posts: 287
Posts: 287
Posted:
If one of the five board members has to resign, how is a fifth replacement be chosen.....how can that fifth person be picked
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Started by AlexM1 • 3 replies • 840 views
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JohnC46 (South Carolina)
Posts: 14,265
Posts: 14,265
Posted:
Quote:
Posted By AlexM1 on 02/18/2018 6:23 AM
If one of the five board members has to resign, how is a fifth replacement be chosen.....how can that fifth person be picked
If one of the five board members has to resign, how is a fifth replacement be chosen.....how can that fifth person be picked
Typically by a majority vote (3 to 1 or 4 to 0) of the remaining 4 BOD Members. They can pick anyone they want as long as that person meets the associations docs to run for office.
TimB4 (Tennessee)
Posts: 21,061
Posts: 21,061
Posted:
Typically, if a Director resigns, the remaining directors appoint a replacement to serve the remainder of that term.
Check your governing documents and applicable laws (typically corporate law) to be sure your Association is typical.
Check your governing documents and applicable laws (typically corporate law) to be sure your Association is typical.
KerryL1 (California)
Posts: 14,550
Posts: 14,550
Posted:
Usually, the answer is in your bylaws. If not, it'll be in OK's corporation laws if you're incorporated. And it usually is like John wrote.
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