We have a by laws that says board is supposed to have a meeting every year and the membership expires before the annual meeting.
But the problem is, we are not having enough quorum to have annual meeting or election.
So is there a Florida statute that says the existing board members can still continue?
Prior members are still appointed until replaced.
as @Ronald Rohde says memberships usually stay intact until turned over. Are you sure that you are reading the bylaws correctly when you say they expire before the Annual meeting? Everything I have heard about, and my personal experiences, are that the existing board is in control through the Annual meeting and turnover happens after the elections at that Annual Meeting. If there were no election, or a quorum wasn't reached, or no one was elected, then there is nothing to turn over and trhe existing board remains until the issue is resolved and a valid election is held.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing