§ 81-409. Resales of units.
§ 81-409. Resales of units. (a) Except in the case of a sale in which delivery of a public offering statement is required, or unless exempt under § 81-401(b) of this title, a unit owner shall furnish to a purchaser not later than the time of the signing of the contract to purchase, a copy […]
§ 81-319. Association as trustee.
§ 81-319. Association as trustee. With respect to a third person dealing with the association in the association’s capacity as a trustee, the existence of trust powers and their proper exercise by the association may be assumed without inquiry. A third person is not bound to inquire whether the association has power to act as […]
§ 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 […]
§ 81-308. Unit owner meetings.
§ 81-308. Unit owner meetings. A meeting of the association must be held at least once each year. Special meetings of the association may be called by the president, a majority of the executive board, or by unit owners having at least 20 percent, or any lower percentage specified in the bylaws, of the votes […]
§ 81-308A. Executive board meeting.
§ 81-308A. Executive board meeting. (a) A meeting of the executive board must be held at least quarterly. Special meetings of the executive board may be called by the president or a majority of the executive board. For purposes of this section, “meetings of the executive board” do not include incidental or other informal gatherings […]
§ 81-309. Quorums.
§ 81-309. Quorums. (a) Unless the bylaws provide otherwise, a quorum is present throughout any meeting of the association if: (1) Persons entitled to cast at least 20 percent of the votes in the association are present in person, by proxy or by ballot at the beginning of the meeting, provided that at least 25 […]
§ 81-310. Voting; proxies.
§ 81-310. Voting; proxies. (a) If only 1 of several owners of a unit is present at a meeting of the association, that owner is entitled to cast all the votes allocated to that unit. If more than 1 of the owners is present, the votes allocated to that unit may be cast only in […]
§ 81-221. Merger or consolidation of common interest communities.
§ 81-221. Merger or consolidation of common interest communities. (a) Any 2 or more common interest communities of the same form of ownership, by agreement of the unit owners as provided in subsection (b) of this section, may be merged or consolidated into a single common interest community. In the event of a merger or […]