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Special assessments often require a homeowner-vote if the amount exceeds a prescribed limit established in the association's by-laws. In California, for example, a special assessment can be imposed by a board, without a membership vote, only when the total assessment is five percent or less of the association's annual budget. Therefore, in the ...
In some association meeting transcriptions there's discrepancies between the minutes and what actually happened, but the recordings have been deleted
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The condo associations (718) and homeowners association (720) are charged capital contributions by the Master Association that covers everyone. The condos were told it was legal because the ...
An agenda lists the items of business to be taken up during a meeting or session. [3] It may also be called a "calendar". [4] A meeting agenda may be headed with the date, time and location of the meeting, followed by a series of points outlining the order in which the business is to be conducted.
Usually, one of the first items in an order of business or an agenda for a meeting is the reading and approval of the minutes from the previous meeting. If the members of the group agree (usually by unanimous consent ) that the written minutes reflect what happened at the previous meeting, then they are approved, and the fact of their approval ...
The HOA president is the CEO of the not-for-profit corporation, with all of the general powers and duties normally associated with that role. HOA Q&A: Can an Association president make decisions ...
In some settings, this is known as a special general meeting or an emergency general meeting. In the United Kingdom, the directors of a public company must convene an EGM if the net assets fall to half or less of the amount of its called-up share capital (section 656 of the Companies Act 2006). Shareholders who meet certain criteria can ...
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