Delinquency May Not Affect Board Position

Tribune correspondent Published: July 24, 2008 A member of our board of directors, who is also an officer, is more than a year past due in maintenance payments and assessments. Should this person be allowed to remain on the board? I thought not, and asked for the person to resign, but the request was refused. The other board members are not aware of the serious delinquency because the officer has not told them. Read your documents to find out what the eligibility requirements are for a director. Because most boards do not cite payment of current or delinquent accounts as a qualification, you likely will have to explore other options. I would talk to the other directors about the situation. See if a majority are willing to elect a new officer at the next board meeting. Although the board cannot vote off the delinquent member,... [read full story]