Contact Us Today 216-771-2600

Position As An Officer- What Does It Really Mean?

You have been selected to serve as an officer for your association. So now what? Often times, officers have a title, but beyond that, they are not sure what their specific duties are and how those duties differ from those of a board member. If your by-laws fall silent on specific duties, here is a general synopsis of what is expected of each officer:

President

-leader/CEO of the association

-run board/other meetings

-must be familiar with declaration/by-laws

-spokesperson for the association

Vice-President

-assume duties of President in the event of an absence or resignation

-assist President with normal business

-act as liaison between board and other committees

Treasurer

-chief financial officer of the association

-collect association fees

-reconcile bank accounts and write checks

-give financial reports at meetings

-prepare financial statements

-maintain books for auditing

-ensure books are audited before a new treasurer takes over

Secretary

-keep records for the association

-send out meeting notices, letters, etc.

-prepare agendas

-record and distribute minutes

-bring to every meeting all minutes, a copy of the governing documents, board roster, agenda, ballots, etc. to run the meeting

-notify officers and committee members of their election/appointment

All Officers

-have a fiduciary duty to the association

-should deliver all records and files to their successor when they are replaced

-if a duty is handled by a vendor (such as a property manager, accountant, or attorney), the officer has an obligation to ensure that vendor is performing the duty adequately on their behalf.

More on Community Associations

The Attorneys at Ott & Associates Co., LPA, frequently write and publish legal articles in order to educate clients on continuously changing laws in each practice area.

Corporate Transparency Act

Short-Term Rentals

As your legal counsel, we become part of your team, providing the legal component to your business decisions.

Let us get started today.

216-771-2600

Ott & Associates Co., LPA

1300 E 9th St, Suite 1520
Cleveland, OH 44114

Ph: 216-771-2600
Fx: 216-830-8939

LinkedIn

©2024 Ott & Associates Co., LPA All Rights Reserved. Privacy Policy