Moving reserves to pool requires vote

/ Owner - December 13, 2014

Q: I have a follow-up question to your recent column concerning reserve accounts. It is my understanding that the association’s board of directors, without a member vote, can change from straight line reserve funding to pooled reserve funding for future reserve funds. However, to move existing straight line reserve funds to a pool method would require a vote of the membership. Is this correct?   Read more……….

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