A. Condominium by-laws require that annual meetings of the unit owners be held yearly for the election of directors. The by-laws also set the date to hold the annual meeting. Condominium boards must comply with the provisions of the by-laws as a part of their fiduciary obligations. If the board fails and/or refuses to call the annual meeting, besides possible breach of fiduciary duty claims, per section 18(b)(5) of the Condominium Act, 20% of the unit owners may sign a petition calling for a unit owner meeting to held, which in this case, would be the annual meeting.
