One of a board of director’s primary responsibilities is to preserve and maintain the association’s assets. I agree, this doesn’t sound good and it is my opinion that the rest of your board needs to take swift action. First, all board members should have full access to all of the association’s books and records, including all financial records of the association. You should make one final attempt to see all the financial records and if the treasurer refuses, a majority of the board should reach out to your association’s legal counsel to get advice immediately. Some things that can possibly be done, depending on what your documents state, are to remove the treasurer as an officer, gain control of the association’s bank accounts and request records from the association’s bank. Read the entire article……………………………….
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