This is in regards to HOA election rules for board members. The supplemental rules require a candidate to be in good financial standing. This particular current board member running for re-election is in arrears but has signed a payment plan agreement with the board and has been abiding by the...
The subject asks my question: Is a board member who is on a "payment plan" considered to be in "good standing?" I have found no case law but many corporations that allow for this.
Alfred Vail Mutual Association
New Jersey's longest running Co-Op
"If Member is not in good standing due to...