Tract 11 Flashcards
Minutes of the Association meetings should be taken at the following meetings except for: A. Management Company Executive Meetings B. Board of Directors C. Executive Session Board of Directors D. Annual Meeting of Owners
A. Management Company Executive Meetings
Who is normally required to sign the official minutes of the common interest community to make them legal?
A. Manager
B. President
C. Co-signed by the president and manager
D. Secretary
D. Secretary
What is true about the minutes of an annual meeting of the members?
A. Must be approved by a quorum of owners who are in attendance at the meeting.
B. Can be approved by the board at a board meeting.
C. Can be approved by the members at t he next members meeting with or without a quorum.
D. There is no longer a need for approval of the. Minutes of the annual meetings since normally no business is conducted elections are separate actions.
C. Can be approved by the members at the next members meeting with or without a quorum.
At what meetings do the owners have a right to speak, by law?
A. At the beginning of the executive session board meeting only.
B. The item is an emergency as defined by NRS 116.
C. When a majority of the board votes to place the item on the agenda at the beginning of the meeting.
D. Never.
C. At the beginning and the end of the open board meeting.
Decisions can be made at board of directors meetings on items not on the agenda when:
A. When the president determines it is okay to save time.
B. The item is an emergency as defined by NRS 116.
C. When a majority of the board votes to place the item on the agenda at the beginning of the meeting.
D. Never
D.
B. The item is an emergency as defined by NRS 116.
At which meetings does the board need to give advance notice to the owners? Which is the most correct answer?
A. All meetings in the CIC
B. All board meetings whether open or executive session.
C. Only committee meetings.
D. Only member’s budget ratification meetings.
B. All board meetings whether open or executive session.
Who can vote for the board of directors and how? Which is the most correct depending on what the documents say?
A. Only members who are in good standing as defined in the documents and/or NRS 116 on a secret written ballot.
B. Only members who live in t he community on a secret written ballot.
C. Only members who live in the community and the tenants who reside in the property for a non-resident owner on a secret written ballot.
D. All owners are entitled to vote by written ballot and proxy unless their documents declare that only members in good standing can vote and a hearing has been held for owners not in good standing taking away their voting ability.
A. Only members who are in good standing as defined in the documents and/or NRS 116 on a secret written ballot.
How many days does a director. Have to s ign the divisio's form stating that they have read and understand to the best of their ability NRS 116, NAC 116 and the governing documents? A. 30 days B. 90 days C. 120 days D. 10 days
B. 90 days
Does an owner wishing to force an election for the removal of a director or more need to show “cause” to start the process to remove a director from the board?
A. Yes
B. No
B. No
Can your family member serve on the board where you have a contract to mange? NRS 116.31034
A. Yes
B. No
B. No
Must a candidate running for the board disclose any potential conflicts of interest in writing to the other owners?
A. Yes
B. No
A. Yes
Does the NRED h ave a preferred form for a candidate to use w hen running for t he board in disclosing any conflicts?
A. Yes
B. No
A. Yes
What are the requirements to remove a member of the board?
A. The board can remove a member of t he by a majority vote.
B. The owners who attend a meeting can remove a member of the board with no quorum. It is a majority of any who show up just like the Budget ratification meeting.
C. The don’t address removal of a member of t he board as it refers you to t he governing documents only.
D. There is no correct answer show above.
D. There is no correct answer shown above.
How do you define a member in good standing? NRS 116.31034
A. An owner who does not have any fines levied against his or her property.
B. An owner who does not have any unpaid and past due assessments or construction penalities that are required to be paid to the association.
C. An owner who serves on the board or committee and has not construction penalties, but may own past due assessments.
D. An owner who lives in the community and has n ever had past due assessments in the past, but is slightly delinquent in paying construction penalties.
B. An owner who does not. Have any unpaid and past due assessments or construction penalties that are required to be paid to the association.
Under what circumstances can someone be appointed to the board of directors? Which is the best answer shown below? NRS 116.3103, sec 2
A. The board may appoint an owner to fill a vacancy in its membership for the remainder of the unexpired portion of any term unless the governing documents provide that a vacancy must be filled by a vote of the owners.
B. The board may appoint an owner or a tenant to fill a vacancy in its memberships for the unexpired portion of any trim unless the governing documents provide that a vacancy must be filled by a vote of the owners.
C. The board may not appoint an owner to fill a vacancy in its membership unless the documents state otherwise.
D. The may fill vacancies in its membership for the unexpired portion of any term or until the next regularly scheduled election of the board, unless the documents require or state otherwise.
D. The board may fill vacancies in its membership for the unexpired portion of any term or until the next regularly scheduled election of the board, unless the documents require or state otherwise.
