ANSWERS: 2
  • It always amazes me what people will do. Read your governing documents. First of all you should be managed by an outside company to prevent things like this from occurring. Normally each position is an elected position. Where is the Secretary that was elected or appointed among the Board. There are checks and balances for a reason. It sounds like someone has their hands to close to the cookie jar. You governing documents will spell out the role for elections and the role of officers. Good Luck!
  • Your by-laws might include a combined office such as Secretary-Treasurer, but generally, the President does not have such sweeping powers to eliminate or declare themselves to another office. If an office was vacant, the entire board usually may vote to fill the open seat, but again, it is unusual (and possibly illegal, depending on State law) for a President to act alone.

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