This pertains to a coop in Queens. If there are an even number of board members (8), and a vote is taken, and there is a tie, is it legal for the president to always cast the deciding vote. The president says that the only time he votes is if there is a tie. That means whatever he wants he will vote that way.
Join the Conversation Comments (2)
I agree with Yonkers. This was incredibly short sighted planning by the co-op’s authors since you’re now experiencing the result.
You should consult with the co-op’s attorney because you’ll need to amend the bylaws. That will normally require 2/3 of the shareholders approval to pass. This will require a coordinated effort akin to a political campaign in order for you to succeed.
Good luck!
This sentence in your question is odd: "The president says that the only time he votes is if there is a tie." Do you mean that you actually have *nine* board members and the president usually doesn't vote? Or do you mean that the president is not a board member? That would be unusual but not impossible. Some by-laws permit officers who are not directors, though the president usually has to be.
Check your by-laws, but typically, only directors can vote. If your president is a director, then he should *always* be voting, not just to break ties. And if your president isn't a director, then he usually wouldn't have a vote even in case of a tie.
If you really do have a board with only eight directors and eight votes, I agree with the other comments that this is just bad practice. You should change to an odd number of directors, following the procedures outlined in your by-laws.
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.
That's odd that the by-laws would allow an even-numbered amount of Board members or even allow the President to cast a deciding vote on matters. I would suggest to review the by-laws to confirm that's the case and, if so, at the next annual meeting lead an effort to change the number to 7 or 9, where the President's authority is limited in that regard. Best of luck!
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.