WISCONSIN CONDO BOARDS

Started by DavidG1 • 2 replies • 2023 views

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DavidG1 (Wisconsin)
Posts: 1

Posted:

I have, in front of me, a copy of Wisconsin Condominium Law (703). Under 703.10 BYLAWS, it states that the bylaws must indicate that "the terms of at least one-third of the directors shall expire annually". Am I reading that correctly? Does this mean that our board of directors must "turn over" every three years?

RogerB (Colorado)
Posts: 5,067

Posted:

David, it does not mean the Board must turn over. It means the director's term expires. They can rerun and if elected continue to serve. The law suggests that the term of a director is three years since at least 1/3 of the directors terms expire every year.

For example if there are 7 directors with terms of 3 years then next year 2 director's terms may be expiring; the second year 3 director's terms may be expiring; and the third year 2 director's term may be expiring; the fouth year the 2 director's terms elected next year will expire; and so on ....

SwanB (Washington)
Posts: 199

Posted:

Our HOA is in Washington State and we have a nine member Board. Our Bylaws have it set up so the director's terms are 3 years and we would, ideally, have 3 directors terms expiring every year....3/3/3.

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