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Posted By AndreaM10 on 11/07/2022 12:38 PM
I assumed the board needs to get approval from the voting members not just the board members
Not on this issue, no. To understand this, first read your Bylaws very carefully where the bylaws speak of the powers, duties or responsibilities of the board and the powers of the owners. Then keep in mind this, from Missouri Nonprofit Corporation Act:
Except as provided in this chapter, all corporate powers shall be exercised by or under the authority of, and the affairs of the corporation managed under the direction of, its board. See https://revisor.mo.gov/main/OneSection.aspx?section=355.316&bid=19215&hl=
Before you or any other reader argues how unfair this is, I remind the reader to remember that the owners have the power to (1) elect the directors; (2) recall directors (per statute and probably the bylaws too); (3) amend the covenants; and (4) if the bylaws so provide, to amend the bylaws.