- ARTICLE XII ALLOCATION OF INCOME AND EXPENSES states the corporation was to apply all revenue from whatever sources derived and since it was not used then it was to be distributed to members of the corporation in a reasonable manner. (We will find out from the financial records how much was still in the bank account at the end of each fiscal year in the past as MEMBERS should be given that money!) So now that it is time to divvy up the surplus from all years past as the BTMA board still maintains that homeowners are the members.
- If the BTMA Board (while still claiming that homeowners are members) ignores the above mentioned ARTICLE XII like they ignored Joe Nappo's original request to see the records ) here is an OKLAHOMA STATUTE of which the BTMA needs to be aware:§ 1014.1. Interpretation and Enforcement of the Certificate of Incorporation and Bylaws: Any member may bring an action in the district court. to interpret, apply or enforce the provisions of the bylaws (IN OTHER WORDS The BTMA board can be taken to court to enforce that by-laws be followed (which would include getting audits to make BTMA board members, past and present accountable to show where money --including the concession money from past years! was spent.)
- Why is the BTMA buying expensive D&O insurance when bylaws only allow for bonding? Do you know the difference between bonding and D&O insurance? (How much is it? It is paid in April.) D&O insurance? Why? By-laws call only for bonding? Where is amendment to allow D&O insurance instead of bonding?
Who really are the Members of the BTMA?
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