Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of stockholders.
Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of stockholders.
If a meeting of the members is called by a petition signed by the required minimum number of members (at least 5%), the purpose of the special meeting must be set forth in the petition in order to indicate the basis for the requested special meeting (i.e., if the special meeting is to reverse a recent change to the ...
These new HOA laws are a positive step for community association management in Texas. They provide more transparency and fairness in how HOAs assess fines and make it more difficult for HOAs to foreclose on homeowners for unpaid dues.
Texas law places no limit on how much or how often assessments may increase. Any caps or restrictions will likely be found in the association's governing documents.
However, when you're organizing a typical HOA meeting, you should follow this agenda: Call to Order. Review of Last Meeting's Minutes. Committee Reports. Discussion About Any Unresolved Issues. Discussion About Any New Issues or Projects. Open Forum (Optional) ... Adjournment.
The board may, without membership approval, levy a special assessment up to five percent (5%) of the current year's budgeted gross expenses, subject to certain requirements. (Civ. Code § 5605; See also “Limitations on Assessment Increases.”)
A Special Meeting of the Members A 'Special Meeting' is a meeting of members that is not regularly scheduled and usually called by the Board of Directors, or the members meeting the minimum threshold required, for a particular purpose.
What Should Be Included in Meeting Minutes? Date and time of the meeting. Names of the meeting participants and those unable to attend (e.g., “regrets”) Acceptance or corrections/amendments to previous meeting minutes. Decisions made about each agenda item, for example: Actions taken or agreed to be taken. Next steps.
Your meeting minutes should include: Motions: who made them, who seconded them and if they were approved or not. Voting: who voted in favor, dissented and abstained. Old business and if it was resolved. New business and when it will be addressed in the future. Actions that were taken during the meeting.