—Protect and Serve
“In order to determine how the fifth seat should be filled, the first step is to look to your condominium association’s bylaws and/or certificate of incorporation to determine if there are provisions regarding vacancies on the board of trustees,” says Gemma M. Giantomasi, an attorney at Genova Burns Giantomasi Webster, which has offices in Newark, several New Jersey locations and in New York City.
“If there are no provisions regarding how to fill vacancies in your condominium association’s bylaws and/or certificate of incorporation and your condominium association is formed as a New York Not-for-Profit corporation, the New York Not-for-Profit Corporation laws provide statutory requirements as to how to proceed.
“Specifically, the New York Not-for-Profit laws require that the board must have no less than three directors. Further, a director holds his or her position until his or her successor has been appointed and qualified. Therefore, if only four individuals run for five director positions for the upcoming board, one director from the prior board will remain in his or her position until successor has been elected, appointed and qualified.”