How does a board respond to a shareholder who takes out a $318,000 home equity loan in an HDFC?

Asked in New York, NY - about 1 year

A previous board approved a construction loan for a shareholder in an HFDC, as per the proprietary lease. The shareholder previously paid $250 for her share certificate. The so-called construction loan was for $318,000. The shareholder immediately paid $17,000 in arrears. She put in new floors and renovated her bathroom, at a cost of $10,000 to $15,000 at most. She is now writing off from federal income taxes $28,777 in interest annually, on a base income of about 32k, all of which comes from a sate pension. She is 51. This loan is obviously a home equity loan and, therefore, a violation of the proprietary lease. What does the new board do? Can it terminate her proprietary lease and evict her? Force her to sell?