This section requires annual meetings of a property owners' association's membership. It allows a member to demand a meeting if the board fails to call one.1. Designate open forum time on the meeting agenda. Under Chapter 209 of the Texas Property Code, residential subdivision HOAs are required to have 'open' board meetings. Now that we've covered the basics of how to conduct a virtual HOA annual meeting and what proper etiquette looks like, it's time to act. This law limits the power of HOAs in certain areas, such as capping late fees and requiring open board meetings. During this meeting, the HOA board addresses various issues, presents the annual budget, and discusses upcoming major projects. However, many property owners' associations create their own eligibility requirements in the governing documents. We've devised an Annual Meeting Checklist that can help navigate what to do, how, and when to ensure a successful meeting. Next Meeting Schedule.