Five or Seven? The Choice Is Yours. Or Is It?
In 2020 immediately following a new board election, a member of the Farmcolony Board of Directors abruptly resigned from the board. His reason for resigning, as he stated at the time, is to comply with our Declaration of Trust which set the initial number of board directors at five. The resignation from the board raised many questions, such as what is a Declaration of Trust and what role does it play in the governance of our association? It’s complicated.In 1983, eight years from the founding of Farmcolony in 1975, the membership met and voted to amend its bylaw Article IV, Directors, Section 1, Number and Qualification to change the number of directors on its board from five directors to seven. The rationale given at the time for amending the bylaw…