Plain English Breakdown
The official source material does not provide information on what happens when owners do not check any boxes on their proxy forms.
Changes to Condominium Proxy Voting Rules
This bill removes the option for condominium owners to give their proxy votes to the entire board of directors or to individual directors present at meetings.
What This Bill Does
- Removes from standard proxy forms the choice to give voting rights to the entire board of directors.
- Eliminates the possibility of giving proxy votes to specific directors who are present during association meetings.
Who It Names or Affects
- Condominium owners
- Board members of condominium associations
Terms To Know
- Proxy Voting
- Allowing someone else to cast your vote on your behalf in a meeting.
- Quorum
- The minimum number of members required to be present at a meeting for the group's decisions to be valid.
Limits and Unknowns
- Does not specify what happens if owners do not check any boxes on their proxy forms.
- It is unclear how this change will affect existing condominium bylaws and rules.
- The bill does not address other aspects of proxy voting beyond the specific changes mentioned.