AdamL1 (UnitedStates)
Posts: 559
Posts: 559
Posted:
Previously, I've posted and asked some questions about interpreting the governing documents. I just read a line in our documents that adds to the conversation and would like to revisit this conversation.
Here's all the information I know, including the new line I just read:
CCR's (new observation):
The Board of the Master Association shall be elected in accordance with the provisions set forth in the Master Association Bylaws.
Articles of Incorp:
The affairs of this Corporation shall be managed by a Board of three (3) Directors,...The number of Directors may be changed by amendment of the Bylaws of the Corporation, but in no event shall the number be less than three (3).
Bylaws:
The Property, business and affairs of the Corporation shall be governed and managed by a Board of Directors composed of at least three (3) persons, who need not be Members of the Corporation.
=========================================
OK, so as we know, there's the hierarchy of what statements supersede other statements. Previously, we all generally agreed that because the AoI said exactly 3 Directors, and there was a conflict with the Bylaws, the AoI reigned, and technically, there can only be 3 Directors until its amended to read "...shall be managed by at least three..."
I recently found this one line buried in the CCR's that says that Board shall be elected in accordance with the Bylaws. Does this just mean things like "terms, elections at annual meeting, qualifications, etc? Or does this overrule the AoI and allow for more than three, as it stands now?
Here's all the information I know, including the new line I just read:
CCR's (new observation):
The Board of the Master Association shall be elected in accordance with the provisions set forth in the Master Association Bylaws.
Articles of Incorp:
The affairs of this Corporation shall be managed by a Board of three (3) Directors,...The number of Directors may be changed by amendment of the Bylaws of the Corporation, but in no event shall the number be less than three (3).
Bylaws:
The Property, business and affairs of the Corporation shall be governed and managed by a Board of Directors composed of at least three (3) persons, who need not be Members of the Corporation.
=========================================
OK, so as we know, there's the hierarchy of what statements supersede other statements. Previously, we all generally agreed that because the AoI said exactly 3 Directors, and there was a conflict with the Bylaws, the AoI reigned, and technically, there can only be 3 Directors until its amended to read "...shall be managed by at least three..."
I recently found this one line buried in the CCR's that says that Board shall be elected in accordance with the Bylaws. Does this just mean things like "terms, elections at annual meeting, qualifications, etc? Or does this overrule the AoI and allow for more than three, as it stands now?