Common use of Executive Sessions Clause in Contracts

Executive Sessions. 9.14.1. At the discretion of the Board, the following matters may be considered in executive sessions: 9.14.1.1. consultation with legal counsel concerning rights and duties of the Association regarding existing or potential litigation or criminal matters; 9.14.1. 2. negotiations of contracts with third parties; 9.14.1.3. collection of assessments; and 9.14.1.4. any other purpose permitted by the Act. 9.14.2. Except in the case of an emergency, the Board will vote in an open meeting whether to meet in executive session. If the Board votes to meet in executive session, the presiding officer of the Board will state the general nature of the action to be considered, as precisely as possible, when and under what circumstances the deliberations can be disclosed to the Owners. The statement, motion, or decision to meet in executive session must be included in the minutes of the meeting. A contract or an action considered in executive session does not become effective unless the Board, following the executive session, reconvenes in open meeting and votes on the contract or action, which must be reasonably identified in the open meeting and included in the minutes.