What is the name of your state? TEXAS
We have a new POA that was just turned over from the developers. We have elected officers but not depeloped the corporate entity or a set of by-laws. The elected president has taken over completely, setting up the corporate entity, writing the by-laws, making sure that only the officers need to vote to create special assessments, he's contacted his attorney to draw up the documents, he's designated himself as the only legal signature authority, etc, etc. NO ONE ELSE, EVEN THE OFFICERS HAS SEEN WHAT HE'S DONE OR BEEN ABLE TO BE INVOLVED OR PROVIDE INPUT. Is this legal, can the President just take off and do his own thing like that????
We have a new POA that was just turned over from the developers. We have elected officers but not depeloped the corporate entity or a set of by-laws. The elected president has taken over completely, setting up the corporate entity, writing the by-laws, making sure that only the officers need to vote to create special assessments, he's contacted his attorney to draw up the documents, he's designated himself as the only legal signature authority, etc, etc. NO ONE ELSE, EVEN THE OFFICERS HAS SEEN WHAT HE'S DONE OR BEEN ABLE TO BE INVOLVED OR PROVIDE INPUT. Is this legal, can the President just take off and do his own thing like that????