Legal Question in Business Law in California
HOA bylaws or Corporate Code
We have a conflict between our HOA BYLAWS and the Davis-Stirling Act. EG: Davis-Stirling says 5% of the membership is all that is required to present a petition (in this case for recall), and cites the California Corporate code �7510(e)to support this.
HOWEVER, our HOA BYLAWS state that a Special Meeting can be called by the President, or by the majority of the Board, or by 1 or more members holding NO LESS than 40% of the voting power of the assocation.
That would indicate that OUR corporation is set up to require 40% of the voting members signatures FIRST before we can hold a meeting. Which takes precedent, our HOA BYLAWS (1971) or curret Corporate Code?
Thanks
2 Answers from Attorneys
Re: HOA bylaws or Corporate Code
The more limited approach applies. You may be able to petition the court if you cannot get the appropriate votes. We really need to review your documents. Please contact us if you want some assistance. We handle cases throughout California.
Re: HOA bylaws or Corporate Code
The code controls. You may contact me if you need representation.
Related Questions & Answers
-
What is the effect of jointly owned corp. in a divorce? My husband and I have... Asked 9/28/04, 12:44 pm in United States California Business Law
-
Defamation of Character If someone engages in an extra marital affair with another... Asked 9/28/04, 11:21 am in United States California Business Law
-
Deposit November 03 I ordered a new truck from an auto dealer who wanted $1000... Asked 9/27/04, 8:58 pm in United States California Business Law