The affairs of the Association shall be initially governed by a Board of three directors. Until the Transition Date, the Declarant shall elect the members of the Board pursuant to Article 14 of the Declaration, subject to the right of the Owners to elect a member or members, as provided in Section 14.1 of the Declaration. Members of the Board elected by the Declarant need not be Owners. Within 60 days after the Transition Date, the Declarant or the Board shall call a special meeting of the Owners to elect a Board of five directors¬∑ to serve until the first day of the calendar month following the date of adjournment of the first annual meeting. Four ¬∑directors shall. be elected at large (the “At-Large Directors”) by all of the Unit Owners and one director (the “Commercial Director”) shall be elected by the Owners of the Commercial Units at the meeting or designated by the written consent of those Owners. The normal term of office for At-Large Directors will be for two years and until their successors are elected and take office. The term of the Commercial Director is annual. However, to provide for staggered terms, at the first annual meeting two of the directors shall be elected for one year and three shall be elected for two years. A majority of the directors elected by the Owners after the Transition Date shall be members of the Association. Any of the following may be elected to the Board as a member if the entity is a member: any officer, director, or employee of a corporation, any partner or employee of a partnership, any member or employee of a limited liability company, and any trustee or beneficiary of a trust. [Bylaws, Article 3, Section 3.1]

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