thanks for the great answers......to sum up, our assn. is way beyond reconciliation. We have restraining orders, settlement conferences, probably 10 lawyers on all the sides, multiple lawsuits, etc. etc. it's a long road estimated at $400,000 in legal fees. D&O insurer failed us, another story. Anyone know how to get them to step up?
One of the lawyers suggested dissolution but since a prior lawyer said our city had never signed off on one, we kind of let it go but now we see no other option. I have begun the process of contacting proper city planning people, possible legislative allies to help change the requirement of a 100% yes vote to dissolve, and so forth.
What I would really like to find is an association that actually accomplished dissolution to use as a model. A website I found mentioned in passing that 1900 assn.'s have dissolved. We are well aware of perils of receiverships, bankruptcies etc. What I would like to do is start a movement against what I see as an incestuous industry whose groups represent lawyers and managers, not homeowners. If someone can actually point me to a homeowner group whose support isn't mainly industry types, i will buy lunch.
