Question:
1. What is the minimum election quorum allowed in OK? *HOA is attempting to reduce it to 10% (23 homeowners).
2. Do OK HOA specific assessment and levy penalties need to be published before a vote by the community to adopt them?
– Heidi
Answer:
Hi Heidi,
1. Kindly refer to the Oklahoma Real Estate Development Act (REDA) Section 854(H)(3), stated below:
“Any provision of the governing document notwithstanding, a quorum is present throughout any meeting of the association if persons entitled to cast twenty percent (20%) of the votes that may be cast for election of the board of directors are present in person or by proxy at the beginning of the meeting.”
2. Kindly refer to the governing documents to find provisions regarding penalties and fee increases. Some may outline specific procedures or limitations.
For further guidance, kindly consult a lawyer.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
