Treasure Coast Palm Q&A | June 27, 2021 | Board Members Resigning
Q: We recently had 4 out of 7 Board members resign. Our Bylaws state “In the event of the death, resignation, or removal of a Director, his successor shall be selected by the remaining members of the Board and shall serve for the unexpired term of his predecessor.” Last year we had 1 vacancy created in October and the Board selected the replacement after our annual election in December. The Board chose to select the candidate that achieved the “next highest vote” as their method to select. Our Bylaws do not state when or how a replacement board member is...