RichardP13 (California)
Posts: 1,767
Posts: 1,767
Posted:
I am in the final stages of restating/rewriting our Bylaws. Below is from our current Bylaws and specifies what percentage is needed to make changes. Someone want to take a stab at coming up with an answer. It appears to have two parts. We have 317 homes. Our present quorum is a majority of the voting Members.
Thanks
So long as the two-class voting structure provided for in the Bylaws shall remain in effect, these Bylaws may be amended only by the vote or written assent of at least fifty-one percent (51%) of the voting power of each class of Members. At such time as the Class B membership shall cease and be converted to Class A membership, amendments to these Bylaws shall be enacted by requiring the vote or written assent of:
(i) At least fifty-one percent (51%) of a quorum of the Members of the Association, but not more than fifty-one (51%) of the voting power of the Association; and
(ii) At least fifty-one percent (51%) of the votes of Members of the Association other than Declarant.
Notwithstanding the foregoing, the percentage of a quorum of the Members or of the votes of Members other than the Declarant necessary to amend a specific provision in these Bylaws shall not be less than the prescribed percentage of affirmative votes required for action to be taken said provision.
Thanks
So long as the two-class voting structure provided for in the Bylaws shall remain in effect, these Bylaws may be amended only by the vote or written assent of at least fifty-one percent (51%) of the voting power of each class of Members. At such time as the Class B membership shall cease and be converted to Class A membership, amendments to these Bylaws shall be enacted by requiring the vote or written assent of:
(i) At least fifty-one percent (51%) of a quorum of the Members of the Association, but not more than fifty-one (51%) of the voting power of the Association; and
(ii) At least fifty-one percent (51%) of the votes of Members of the Association other than Declarant.
Notwithstanding the foregoing, the percentage of a quorum of the Members or of the votes of Members other than the Declarant necessary to amend a specific provision in these Bylaws shall not be less than the prescribed percentage of affirmative votes required for action to be taken said provision.