SOA Board Control – Time for Turnover

As most know, the Somersett Owners Association (SOA) Board of Directors is still controlled by the Somersett Development Company (SDC) with Blake Smith being both President of SDC and the SOA Board of Directors.  It is Somersett United’s (SU) contention that the SDC has exhausted its right to control the SOA and appoint members to its Board of Directors.  Under Nevada State Law, the period of developer control ends 60 days after 75% of the number of units that may be created have been conveyed to owners other than the developer.  SU believes that this “trigger” has been reached. Read more