Unit 3: Community Association Meetings Flashcards

1
Q

The meeting that all community
associations must hold at least once each
year.

A

Annual meeting

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2
Q

Any meeting of the members other than the
annual meeting.

A

Special meeting

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3
Q

The document that specifies which
individual owner will vote for multiple
owners or which natural person will vote
for an entity.

A

Voting Certificate

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4
Q

The grant of authority by an association
member to someone else to vote or
otherwise act for the member.

A

Proxy

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5
Q

The minimum number of members entitled
to vote who must be present, in person or
by proxy, in order to conduct the business
of that group.

A

Quorum

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6
Q

The group of persons vested with the
management of the affairs of the
association corporation.

A

Board of directors

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7
Q

Each director’s obligations to discharge his
or her duties with due care and in the best
interests of the corporation.

A

Fiduciary

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8
Q

The form that must be completed by all
newly elected board members in which
they attest to understanding statutes and
governing documents.

A

Certification Form

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9
Q

A director’s decision to take no position on
a vote of the board.

A

Abstain

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10
Q

A group of board members and/or unit
owners appointed to make
recommendations or take action on
behalf of the board.

A

Committee

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11
Q

The individual authorized to receive
formal service of legal documents on
behalf of the board.

A

Registered agent

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