Becker & Poliakoff

The 2023 Season is Upon Us. Time to Think about Elections

The 2023 Season is Upon Us. Time to Think about Elections

A new season means a new annual meeting and election. In condominiums and cooperative associations there are two components: the election of directors and the annual meeting. Most think of them as one and the same, but they really are separate events which occur concurrent with one another. The condominium and cooperative election takes place as long as at least twenty percent of the eligible voters (those who have not had their voting rights suspended in the manner permitted by the statute) cast a ballot. [Note: this is not the case in homeowners associations unless their documents have been amended accordingly.] Even if there is no quorum at the meeting itself, if you obtain the requisite number of ballots for the election of directors, the election can still occur. The annual meeting portion covers anything not related to the election. So, for example, if you are voting on a material alteration, or an amendment, that would occur at the annual meeting and a quorum of the voting interests must be present for that occur.