HABITAT
Subscribe for Daily Updates!
At an annual meeting I asked who was the lady on the Board who I had not seen before, and why we did not have an election to replace the director. The management company stated that we did not need an election for a new director. This is a 48 unit building in Queens with the sponsor holding 10 or 11 units. Was management correct in saying that we do not need an election?
Join the Conversation Comments (1)A board member resigned. Must the board fill the vacancy
No, they do not. They have the option to fill the vacancy, but they don't have to do it. They can wait until the next Annual Meeting and then fill the vacancy.
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat u
visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Archives
search
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!
Yes, virtually all By-Laws allow the board to replace a director without an election. The language in our own By-Laws reads as follows: "Vacancies in the Board of Directors resulting from death, resignation or otherwise may be filled without notice to any of the shareholders by a vote of a majority of the remaining directors."
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.