Is it accurate to say that the Board of Directors is authorized by the Maine Condominium Act to manage the condo association effectively and efficiently?
Yes, the Board actually has almost exclusive power to manage the condominium association – some say too much power. It is easier to list the things that only the unit owners can do. They are:
A. amend the Declaration, the Articles of Incorporation and, if provided for in the Declaration or Bylaws, approve amendments to the Bylaws.
B. terminate the Condominium
C. elect members of the Board or determine the qualifications, powers and duties, or terms of office of Board members, but the Board may fill vacancies in its membership for the unexpired portion of any term.
D. ratify the budget (but the Board has the sole power to adopt the budget, subject to such ratification.
E. remove a Director by a 2/3 vote, after proper notice, according to Section 704 of the Maine Nonprofit Corporation Act.
F. other rights given to owners found in the Declaration of Bylaws.