Initial board has power to act even without annual meetings
The initial board of directors of a nonprofit condominium association has authority to act on behalf of the association even though it has failed for more than 13 years to hold an annual meeting for election of new board members as required by its bylaws, an appellate court in Michigan has held. It has reversed a trial court’s acceptance of a claim by a unit owner that the association lacked the authority to take the action. The Channel View East Condominium Association was formed in April 2001 by the developer. The bylaws provided that non-developer co-owners could begin to elect directors as they comprised a larger percentage of the owners, with the right to elect all directors occurring...
The full text of this article is available to paid subscribers only. Login or subscribe to read more