§ 81-203. Construction and validity of declaration and bylaws.
§ 81-203. Construction and validity of declaration and bylaws. (a) All provisions of the declaration and bylaws are severable. (b) The rule against perpetuities does not apply to defeat any provision of the declaration, bylaws or rules. (c) In the event of a conflict between the provisions of the declaration and the bylaws, the declaration […]
§ 81-219. Rights of secured lenders.
§ 81-219. Rights of secured lenders. (a) The declaration may require that all or a specified number or percentage of the lenders who hold security interests encumbering the units or who have extended credit to the association approve specified actions of the unit owners or the association as a condition to the effectiveness of those […]
§ 81-204. Description of units.
§ 81-204. Description of units. A description of a unit which sets forth the name of the common interest community, the recording data for the declaration, the county in which the common interest community is located, and the identifying number of the unit, is a legally sufficient description of that unit and all rights, obligations, […]
§ 81-220. Master associations.
§ 81-220. Master associations. (a) If the declaration provides that any of the powers described in § 81-302 of this title are to be exercised by or may be delegated to a profit or nonprofit corporation that exercises those or other powers on behalf of one or more common interest communities or for the benefit […]
§ 81-205. Contents of declaration.
§ 81-205. Contents of declaration. (a) The declaration must contain: (1) The names of the common interest community and the association and a statement that the common interest community is either a condominium, cooperative, or planned community; (2) The name of every county in which any part of the common interest community is situated; (3) […]