QUESTION: We get minutes from past
meetings some 6 months later, reports by CPAs are inconclusive as they clearly
state improper and inadequate information. Delinquent assessments are not being
pursued. Our funds are mostly unaccounted for or miserably spent. How can we get
the board to follow the rules of conducting our business?
ANSWER:
You have four options. The first is political--actively campaign to elect responsible directors.
If you run into paralyzing apathy from the membership, you have a legal
option--go to court and seek an order that the board perform its obligations. Unfortunately, the legal option has no guarantees and can be costly. Your third
choice is to live with the mismanagement. However, this could
result in large special assessments when the board's
negligence catches up with everyone. The fourth option is to sell and move before everything falls apart.