StevenM8 (Minnesota)
Posts: 18
Posts: 18
Posted:
I am part of an HOA in Minnesota. I am trying to determine how many members are required to sign a petition to hold a special meeting.
The state statute says - " if at least 50 members with voting rights or ten percent of the members with voting rights, whichever is less"
The HOA bylaws says "ten (10) or more Lots or by two (2) directors"
If the HOA had 200 members. Would 10 members be enough or would they need 20?
I am not 100% sure. The bylaws are certainly less restrictive.
https://www.revisor.mn.gov/statutes/cite/308B.241
The state statute says - " if at least 50 members with voting rights or ten percent of the members with voting rights, whichever is less"
The HOA bylaws says "ten (10) or more Lots or by two (2) directors"
If the HOA had 200 members. Would 10 members be enough or would they need 20?
I am not 100% sure. The bylaws are certainly less restrictive.
https://www.revisor.mn.gov/statutes/cite/308B.241