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I've seen many condominium bylaws that specifically state that an owner must reside on the property in order to serve on the board. This requirement is actually in violation of the IL Condo Act, which requires that all associations have only one class of membership. Forbidding an owner to serve on the board because he or she does not reside on the property would create a separate (and inferior) class of membership. For this reason, bylaws that include this requirement would not be enforceable if the requirement was challenged.
Board members not required to reside in building