We elected a new President for our condo and he fired the property management company and hired a second one . Within days he fired the second one and hired a third property management company. He shouted at a member of the board and she resigned. He went to lower the maintenance fee and signed a resolution to do so with 3 out of 4 of the directors agree and then one director withdrew his signature and now we have no "majority vote ' to lower the maintenance. The director who withdrew his signature from the resolution wrote a 3 page note to eachof the owners and placed it in the doors letting us know how "lunatic . aggressive and out of control " the president is . We now have a "no just cause lawsuit" on our hands because the 1st property management company thought they would sue us for $200,000 because our President did not "warn them of the termination of contract.Some say ...let the Pres pay it himself.Should we do that???? .
2006-10-01 13:30:41 · 6 answers · asked by Anonymous in Business & Finance ➔ Corporations
UNELECT him---how much longer can your group afford what he is doing.
2006-10-01 13:34:33 · answer #1 · answered by hope4houses4u 2 · 0⤊ 0⤋
People don't seem to understand corporation formation. The first thing you do is get a copy of your by-laws and in there will be a provision to call for a "Special Meeting" and they will also spell out the rules for firing his butt. It will probably be 2/3 vote and the pres will not be allowed to vote. You see, the President is an "Employee" if he's a member (if your a LLC) he's still an employee. You can fire him any time you want. But he can still be a member and be on the board. Read your by-laws that's what their for. As far as the lawsuit? Fire the president first then get a lawyer. The 1st management company may or may not have a case, that's a matter of contract law. The by laws will also tell you if the other member can withdraw his signature after a vote. Chances are he can't
2006-10-03 05:35:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The very first thing you need to do is obtain legal counsel. This guy sounds like the type of person that will sue if you try to remove him. You can almost always find some type of free consultation so that you can discuss the case with an attorney before deciding if you want them to take the case. You also need to get the condo association together to make sure you are all in agreement on this guys behavior, perhaps it is a misconception on one person's part and rumor???? Just a thought since this guys actions seem so very outrageous.
Good luck, no one needs someone so unstable controlling the fate of their cash or home.
2006-10-01 22:13:30 · answer #3 · answered by Star 5 · 0⤊ 0⤋
I think your Board should consult its Legal Advisor sooner than later.
2006-10-01 22:13:23 · answer #4 · answered by Smilin' Fred 4 · 0⤊ 0⤋
i think that if he was going to make a type of decision that could impact you guys so much then maybe he should just pay for it. it doesn't actually seem like he cares about what's best for you guys-just for himself. although you guys did elect him....can he be impeached?
2006-10-01 20:35:41 · answer #5 · answered by !!!!!!!!!!!!!!! 2 · 0⤊ 0⤋
Yes if you can do it. Did you get another President yet?
2006-10-01 20:39:24 · answer #6 · answered by Zelda Hunter 7 · 0⤊ 0⤋