What are the powers of the Board of Directors?
The powers and duties of the Board of Directors shall include but not be limited to: a. Operate, maintain, repair, and replace the property and personal property of GVRA. b. Determine what constitutes common expenses and establish reserves for the future. c. Levy and collect assessments for common expenses from the shareholders. d. Employ and dismiss managing agents and personnel of the property and determine such compensation. e. Adopt and implement Rules and Regulations. f. Prepare an annual report. g. Maintain and manage bank accounts.
