PatriciaL1 (California)
Posts: 78
Posts: 78
Posted:
In the rewriting of our CC&Rs this section of the old CC&Rs was brought up.
4.2 VOTING RIGHTS. There is one vote per Unit, and, except with regard to the election of Directors, such vote shall be weighted accordingly to the Unit’s Percentage Interest. With regard to the election of Directors only, each Unit’s vote shall be weighted equally. Fractional votes by Co-Owners are not allowed. If Co-Owners are unable to agree how to cast the vote for a Unit on a matter, they shall lose their vote on that matter. If a single vote is cast on Owners of a Unit, the vote shall be conclusively presumed to have been cast on behalf of all Owners of a Unit unless written notice contesting the right to vote is actually received by the Secretary before the vote is cast. If multiple votes are cast on behalf of a Unit, all shall be disregarded.
My read tells me that this weighted voting would only count towards something like the ratification of these new CC&Rs. The new CC&Rs give one vote to one Unit.
Does anyone here have any experience with weighted votes?
Thank you, Patti
We are 51 Units total. 15 have 1.6% interest each, 15 have 1.8% interest each and the remaining 21 have 2.4% interest each.
4.2 VOTING RIGHTS. There is one vote per Unit, and, except with regard to the election of Directors, such vote shall be weighted accordingly to the Unit’s Percentage Interest. With regard to the election of Directors only, each Unit’s vote shall be weighted equally. Fractional votes by Co-Owners are not allowed. If Co-Owners are unable to agree how to cast the vote for a Unit on a matter, they shall lose their vote on that matter. If a single vote is cast on Owners of a Unit, the vote shall be conclusively presumed to have been cast on behalf of all Owners of a Unit unless written notice contesting the right to vote is actually received by the Secretary before the vote is cast. If multiple votes are cast on behalf of a Unit, all shall be disregarded.
My read tells me that this weighted voting would only count towards something like the ratification of these new CC&Rs. The new CC&Rs give one vote to one Unit.
Does anyone here have any experience with weighted votes?
Thank you, Patti
We are 51 Units total. 15 have 1.6% interest each, 15 have 1.8% interest each and the remaining 21 have 2.4% interest each.