The Board of Directors shall perform the following duties:
- manage the property of the owners and the assets of the corporation;
- control, manage and administer the common elements;
- enforce the declaration and by-laws; and
- keep adequate records.
The Board of Directors shall hold meetings, perform functions, elect officers and carry out the above duties and any additional duties which may be established in the Declaration and By-Laws.
The actual jobs which are assumed by individual directors will depend upon a number of factors including:
- whether the corporation is professionally managed or self-managed;
- the nature and extent of services provided under the management contract;
- the division of duties among the directors; and
- the nature and extent of any special project (i.e., refurbishment of common areas, major repair program etc.) which is contemplated by the corporation for the upcoming year.
