Is the HOA still in business?

If a South Carolina not-for-profit corporation has no Directors and no Officers, would it still be in business?

If that corporation represented 2,480 persons (or business entities) and had $2,000,000 in banks, would the State of South Carolina take a serious look at it and wonder if that money was being properly handled (and by whom) and who was running it?

Or would it be technically out-of-business?

How could it not have any Directors? Because Directors means "legitimately-elected Directors". What if there are no legitimate electors?

Here in The Summit's HOA, those "legitimate electors" would be the Voting Members. But there aren't any legitimate Voting Members, because no Neighborhoods are holding Annual Neighbor Meetings or elections of Neighborhood Committees.

That's the case in the Barony Place Neighborhood, which has not held an Annual Neighborhood Meeting in more than five years. I believe it is the case throughout The Summit.

If you know of any Neighborhood (there are 28 of them) that has conducted an Annual Neighborhood Meeting and Election in 2022 or 2023, please let me know.

A while back somebody came up with a scheme of "Getting Signatures" to pick Voting Members, but the By-Laws make no mention of that as an approved method.

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