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Incompetent treasurer is costing condo association money


Question:

In my small condo association in MA, we have 6 units. Our treasurer is not the most competent treasurer and has not only failed to deposit checks in a timely manner, he's also allowed at least one of the units to fall behind for almost two years of payment. This caused a problem with at least one of the units trying to refinance. We've been pushing the treasurer to keep better documentation. She is insisting that she needs to mail out the budget and the bank statements. The fear is that she will not get this out in a timely manner. Do budget documents and bank statements need to be mailed out or can they be hand or electronically delivered?


Answers (14)

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