SusanS9 (California)
Posts: 56
Posts: 56
Posted:
Confused by Davis Stirling rgarding removal of directors:
APPROVING THE RECALL. As provided for in Corp. Code §7222(a) any or all directors may be removed without cause if:
In a corporation with 50 or more members, the removal is approved by the affirmative vote of a majority of the votes represented and voting at a duly held meeting at which a quorum is present, with the affirmative votes also constituting a majority of the required quorum.
If an association has 100 members, does it take 51% of 100 (membership)= 51 to approve removal or 51% of 51 (quorum) = 26?
Also, if recall is successful and election to replace directors is 30 days later, who runs the association during the time between the recall and new election?
APPROVING THE RECALL. As provided for in Corp. Code §7222(a) any or all directors may be removed without cause if:
In a corporation with 50 or more members, the removal is approved by the affirmative vote of a majority of the votes represented and voting at a duly held meeting at which a quorum is present, with the affirmative votes also constituting a majority of the required quorum.
If an association has 100 members, does it take 51% of 100 (membership)= 51 to approve removal or 51% of 51 (quorum) = 26?
Also, if recall is successful and election to replace directors is 30 days later, who runs the association during the time between the recall and new election?