Unit 3: Community Association Meetings Flashcards
The meeting that all community
associations must hold at least once each
year.
Annual meeting
Any meeting of the members other than the
annual meeting.
Special meeting
The document that specifies which
individual owner will vote for multiple
owners or which natural person will vote
for an entity.
Voting Certificate
The grant of authority by an association
member to someone else to vote or
otherwise act for the member.
Proxy
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.
Quorum
The group of persons vested with the
management of the affairs of the
association corporation.
Board of directors
Each director’s obligations to discharge his
or her duties with due care and in the best
interests of the corporation.
Fiduciary
The form that must be completed by all
newly elected board members in which
they attest to understanding statutes and
governing documents.
Certification Form
A director’s decision to take no position on
a vote of the board.
Abstain
A group of board members and/or unit
owners appointed to make
recommendations or take action on
behalf of the board.
Committee
The individual authorized to receive
formal service of legal documents on
behalf of the board.
Registered agent