HOAleader Video: Can a Condo/HOA Board Vote to
Amend Check-Signing Bylaw Provisions?
HOAleader.com - Tip of the Week - January 28, 2022
This week's tip features HOAleader's quick tips on video, with our experts focusing this time on a reader's question: Can a board can amend bylaws on check-signing authority, or do members have to approve such a change?
In a nutshell, our reader asks whether it's OK for a board to have voted to amend the bylaws to say that, instead of the president and treasurer co-signing checks, the treasurer will sign all checks up to $1,500. Checks over that amount would require either the president or secretary to initial and pay.
Our reader, the president, objected, preferring a $500 amount. Our reader is concerned five checks for $1,499 each could be written and wipe out finances before anybody notices. Also, the president says financial and insurance pros might not like this change.
Just click on the arrow below to hear a short clip in which two of HOAleader.com's experts—Nancy Polomis of Minnesota and Brad van Rooyen of Florida —discuss whether a board can approve such a bylaw change.
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And, bonus, we have
more information from these experts. We've also posted an extended video article with these two pros where they discuss the pros and cons of this type of change, along with tips for a board president who disagrees with a decision the board has made.
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