Anyone here have experience or knowledge about a POA going into Receivership

To put a Texas HOA corporation into receivership would require an owner (who is most likely going to be seen as a "stockholder') to file a petition for receivership in court.

A creditor could also petition a court to put a HOA corporation into receivership in order to get debts the HOA owes it paid.

More at https://statutes.capitol.texas.gov/Docs/CP/htm/CP.64.htm

Here's some other information you need to consider - note all of the following will make things considerably worse:

* If the judge agrees to put the association in receivership, he/she will appoint a receiver to supervise the association's affairs.

* The receiver only answers to the judge, not the homeowners, so if he/she decides to jack up assessments, you will have NO RECOURSE but to pay it. If you can't or refuse to, legal action kicks in to compel you to pay (and you know how that will end)

* The receiver's primary job is to see that the HOA pays its bills, so he/she may not have the time or desire to care about things like rule enforcement or exterior change requests

* Homeowners will also be responsible for paying the legal expenses related to all this, including the receiver's fee (which can be $200 an hour or more)

* Your property values will be flushed down the toilet because no one wants to move in a HOA where they have absolutely NO SAY in how things are run, and that's what happens in a receivership

I've been hounding you for some time to get off your duff and do something (or help your relative cope with his/her community - although I'm 90% sure we're really talking about you) - if this doesn't push you in that direction, I don't know what will. If the current board does decide or threaten to up and quit, I say rally together your neighbors for an emergency meeting (not at the library, because you've burnt your bridge there), You need to elect another board so the association can at least try to pull itself together to avoid receivership. Assuming this is your neighborhood, you may as well volunteer for a spot. If you wind up with a new board, job one should be to get the association's financial records audited to check for fraud, and make sure the departed (board, that is) gives up all keys to community property, if applicable and remove them from the signature list at the association bank. Once you see where you're at, reconsider the property manager's status (start by reading the contract), and then make your decision. It may be helpful to start with a performance improvement plan to prompt them to get their shit together within 6 months or so. while that's going on, it's ok to send RFPs to potential replacements - there are several conversations on this website about best practices in that regard. If you decide to make a change, you'll need to set up a realistic transition plan.
There are educational materials on the CAI about all this stuff - may be worth your time to invest in a few and educate yourself on what's required.

There will likely be more drama before all this settles down, so prepare yourself and everyone else. Good luck in whatever you and your community decides to do.

I just want to say that ElleN seems to have a lot of legal knowledgable about stuff and eager to share.

Reminds me of another poster, AugustinD, who sadly left us a while back.

I wonder if ElleN is from Arkansas.

HaHa, Max (smirk); it took you a while to catch on. Your incessant unclever snipes at MichaelT are boring and uncivil. Stop it.