Condos Q&A What to do when a valued board member moves out?

Q: One of our board members has put his condo unit up for sale. Is he still allowed to sit on the board, or does he have to resign his position once his unit has been sold? Our bylaws state that a person must be an owner to be elected to the board. It also states that notwithstanding the above, at all times at least one of the members of the board must be either an owner or a mortgagee. Does this mean there is any leeway to keep him on? Can the board appoint him to fill a vacancy if he has to resign? He is an integral part of the team as treasurer and we do not want to lose him.

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