This question is submitted by Matthew S. out of Texas
In Texas, with a COA, what occurs when expired Board members have been issuing fines, making new rules/regulations/bylaws, and increasing monthly dues after their term was expired?
The Board and Management Company (Goodwin) assumed terms were 3 years in length. Our CCRs state 1-year terms, which I brought up during our latest annual meeting in early March. Now the expired Board has issued a statement saying they will call a "Special Meeting" for a new election and resign afterward.
Can they do this? Why resign? They have no legal standing or authority, right? What would you recommend?
Thoughts?