FredN (California)
Posts: 87
Posts: 87
Posted:
Quorum Requirements for Association Meetings...........At all meetings of owners, a quorum for the transaction of business through the presence or by proxy of such members, shall be established at fifty-one (51%) of the total voting power of the association which shall be sufficient for the passage of any motion or adoption of any resolution, except in connection with amendment or repeal of this Declaration, as hereinafter set forth under Articles X or XVI. If the required quorum is not present, another meeting may be called subject to the written notice requirements sent to all members at least ten (10) days in advance of such meeting, and the required at the subsequent meeting shall be one-half (1/2) of the required quorum for the preceding meeting. In the absence of a quorum at a meeting of members, a majority of those present in person or by proxy may adjourn the meeting to another time, but may not transact any other business. An adjournment for lack of a quorum shall be to a date not less than five (5) nor more than thirty (30) days from the original meeting date.
Can anyone explain this to me?
Thanks
Can anyone explain this to me?
Thanks