Board of Directors

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Original Message:

Re: Board of Directors (by Keith P.):

robertm816 wrote:
Aside from voting, read article 19 of the POA attached to your fee simple contract. It says the management company (DRI) may have ONE position on the Board, not two or three or more as they now have. I

Does your fee simple contract say that they can have ONE position or does it say they can APPOINT one position to the board? At KBC our rules read "appoint" and that's how they are able to appoint one and then elect 2 because they hold the majority of votes due to the "trust" and those that do not vote.

Can you confirm the exact wording on the fee simple contract?