Millie’s Motion at the Annual HOA Meeting
The Annual Meeting of Nottacare Condominium convenes. The agenda shows the standard items including Review Minutes, Financial Report, President’s Report and Election of Directors. As per usual, about 20% of the 95 members show up. But the board has been proactive in getting proxies from the rest so having a quorum is not a problem. The board president proceeds systematically down the distributed Agenda. After approving last year’s minutes and a year to date financial overview, she moves towards elections in hopes of wrapping up business early so the wine tasting and potluck can begin. Read the article………….
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May unit-owners transfer their condominium unit when to do so avoids foreclosure of that unit to pay a debt?