Section 515B.3-101 — Organization Of Unit Owners’ Association.
515B.3-101 ORGANIZATION OF UNIT OWNERS’ ASSOCIATION. A common interest community shall be administered by an association. The association shall be incorporated no later than the date the common interest community is created. The membership of the association at all times consists exclusively of all unit owners or, following termination of the common interest community, of […]
Section 515B.3-102 — Powers Of Unit Owners’ Association.
515B.3-102 POWERS OF UNIT OWNERS’ ASSOCIATION. (a) Except as provided in subsections (b), (c), (d), and (e), and subject to the provisions of the declaration or bylaws, the association shall have the power to: (1) adopt, amend and revoke rules and regulations not inconsistent with the articles of incorporation, bylaws and declaration, as follows: (i) […]
Section 515B.3-103 — Board Of Directors, Officers And Declarant Control.
515B.3-103 BOARD OF DIRECTORS, OFFICERS AND DECLARANT CONTROL. (a) An association shall be governed by a board of directors whose appointment or election shall occur no later than the date of creation of the common interest community and shall be reflected in the association’s records. Except as expressly prohibited by the declaration, the articles of […]
Section 515B.3-104 — Transfer Of Special Declarant Rights; Special Declarant Rights Transferred Before August 1, 2010.
515B.3-104 TRANSFER OF SPECIAL DECLARANT RIGHTS; SPECIAL DECLARANT RIGHTS TRANSFERRED BEFORE AUGUST 1, 2010. (a) A special declarant right created or reserved under this chapter may be voluntarily transferred only by a separate instrument evidencing the transfer recorded in every county in which any part of the common interest community is located. The separate instrument […]
Section 515B.3-1041 — Special Declarant Rights; Transfer, Liability Of Transferor And Transferee, And Termination; Special Declarant Rights Transferred On Or After August 1, 2010.
515B.3-1041 SPECIAL DECLARANT RIGHTS; TRANSFER, LIABILITY OF TRANSFEROR AND TRANSFEREE, AND TERMINATION; SPECIAL DECLARANT RIGHTS TRANSFERRED ON OR AFTER AUGUST 1, 2010. (a) Except as set forth in subsection (b) or (c), a special declarant right, as defined in section 515B.1-103(33b), does not run with title and may only be transferred pursuant to a separate […]