§ 81-404. Common interest communities subject to development right.
§ 81-404. Common interest communities subject to development right. If the declaration provides that a common interest community is subject to any development rights, the public offering statement must disclose, in addition to the information required by § 81-403 of this title: (a) The maximum number of units, and the maximum number of units per […]
§ 81-405. Time shares.
§ 81-405. Time shares. (a) If the declaration provides that ownership or occupancy of any units, is or may be in time shares, the public offering statement shall disclose, in addition to the information required by § 81-403 of this title: (1) The number and identity of units in which time shares may be created; […]
§ 81-225. Termination following catastrophe.
§ 81-225. Termination following catastrophe. If substantially all the units in a common interest community have been destroyed or are uninhabitable and the available methods for giving notice for a meeting of unit owners to consider termination under § 81-218 of this title will not likely result in receipt of the notice, the executive board […]
§ 81-301. Organization of unit owners’ association.
§ 81-301. Organization of unit owners’ association. A unit owners’ association must be organized no later than the date the first unit in the common interest community is conveyed. The association must have an executive board and the membership of the association at all times consists exclusively of all unit owners or, following termination of […]
§ 81-302. Powers of unit owners’ association.
§ 81-302. Powers of unit owners’ association. (a) Except as otherwise provided in subsection (b) of this section and other provisions of this chapter, the association: (1) Must adopt and may amend recorded bylaws consistent with § 81-306 of this title and may adopt rules consistent with § 81-320 of this title; (2) Must adopt […]
§ 81-303. Executive board members and officers.
§ 81-303. Executive board members and officers. (a) The declaration must create an executive board. Except as provided in the declaration, the bylaws, subsection (b) of this section, or other provisions of this chapter, the executive board may act in all instances on behalf of the association. In the performance of their duties, officers and […]
§ 81-304. Transfer of special declarant rights.
§ 81-304. Transfer of special declarant rights. (a) A special declarant right created or reserved under this chapter may be transferred only by an instrument evidencing the transfer recorded in every county in which any portion of the common interest community is located. The instrument is not effective unless executed by the transferee. (b) Upon […]
§ 81-305. Termination of contracts and leases of declarant.
§ 81-305. Termination of contracts and leases of declarant. Except as provided in § 81-122 of this title, if entered into before the executive board elected by the unit owners pursuant to § 81-303(f) of this title takes office: (i) any management contract, employment contract, or lease of recreational or parking areas or facilities, (ii) […]
§ 81-306. Bylaws.
§ 81-306. Bylaws. (a) The bylaws of the association must provide for: (1) The number of members of the executive board and the titles of the officers of the association; (2) Election by the executive board, or if the declaration so requires by the unit owners, of a president, treasurer, secretary, and any other officers […]
§ 81-307. Upkeep of common interest community.
§ 81-307. Upkeep of common interest community. (a) Except to the extent provided by the declaration, subsection (b) of this section, or § 81-313(h) of this title, the association, through its executive board, is responsible for maintenance, repair, and replacement of the common elements, and each unit owner is responsible for maintenance, repair, and replacement […]