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| | Author | Messages | |
MrPeaceful
Posts:12
 | | 01/30/2008 11:09 AM |
 Alert | "BYLAWS OF
MARICOPA MEADOWS HOMEOWNERS ASSOCIATION
ARTICLE IV
Section 4.3 Removal of Directors. Subject to Declarant's right to appoint and remove all Directors until the Class B membership terminates, and except as otherwise
provided by ARS 10-3810, at any regular or special meeting of the members duly called, any one or more of the directors may be removed with or without cause by the affirmative vote of Members eligible to vote casting not less than two-thirds (2/3) of the total votes
represented at such meeting in person or by proxy, and a successor may then and there be elected by the Members to fill the vacancy. Any Director whose removal has been proposed to or by the Members shall be given an opportunity to be heard at the meeting."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"State of Arizona
ARS 10-3810. Removal of directors by judicial proceeding
A. The court in the county where a corporation's known place of business or, if none in this state, its statutory agent is located may remove a director of the corporation from office in a proceeding commenced either by the corporation or by its members holding at least twenty-five per cent of the voting power of any class, if the court finds that both:
1. The director engaged in fraudulent conduct or intentional criminal conduct with respect to the corporation.
2. Removal is in the best interests of the corporation.
B. The court that removes a director may bar the director from serving on the board for a period prescribed by the court, but in no event may the period exceed five years.
C. If members commence a proceeding under subsection A, they shall make the corporation a party defendant, unless the corporation elects to become a party plaintiff.
D. The articles of incorporation or bylaws of a corporation organized for religious purposes may limit or prohibit the application of this section." | | | |
| | Devil Dog
Posts:393
| | 01/31/2008 1:00 AM |
Alert | | Mrpeaceful - You are one of the "Bad Apples" in our community.You sure don't live up to your name MrPeaceFul. Maybe you should rename your name to MrWhinnerFul. All you are doing is making yourself look bad, by posting the Bylaws. The Board Menbers that we have are OK. What is your "Agenda". | |
"Always Moving Forword" | |
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