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How many homeowners must participate in an election of directors to have a valid election (i.e., what is the “quorum”)?

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How many homeowners must participate in an election of directors to have a valid election (i.e., what is the “quorum”)?

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In order to have a valid election of the Board of Directors of the Homeowners Association, the Association’s current By-laws require that the owners of one third of the lots (or the owners of 49 lots) submit a mail-in ballot or attend the Annual Meeting of Homeowners in person.

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