Why have By-Laws?
What is the purpose of By-Laws of a corporation?
The By-Laws are the rules of the road. The Covenants (CC&Rs) are the road; the By-Laws are the rules of the road.
The By-Laws direct those running the corporation (here, the HOA) for the benefit of the Members (you, the Homeowners).
Those who are running the corporation (the Board of Directors) are supposed to follow ("comply with") the By-Laws.
What should happen if (when!) the Board fails to comply with the By-Laws?
Comments
Post a Comment