When The Board Loses Quorum

This blog discusses the concept of quorum, which is the minimum number of individuals required to be present at a meeting to make proceedings of that meeting valid. Losing quorum can occur when directors fail to attend board meetings or resign, or when insufficient people are willing to sit on the board. The consequences of failing to achieve quorum can result in delayed important projects and unapproved budgets and building expenditures. The article also details the process required when a board loses a majority of its members, which includes sending an Information Certificate to owners and holding an owners meeting to fill vacancies within 30 days of losing quorum.