From time to time we receive questions regarding the resignation of directors, term expiration and what to do in the event of a mass resignation by the existing board. The North Carolina Planning Community Act, Condominium Act, and the Non-Profit Corporation Act address certain issues with regards to directors’ terms and how to fill vacancies. Where it becomes difficult to handle is in the situation where directors resign and do not appoint their successors. Read the article………………………………..
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