Section 448.4-106 – Original sale certificate, condominiums containing conversion buildings.
Effective – 28 Aug 1983 448.4-106. Original sale certificate, condominiums containing conversion buildings. — 1. The original sale certificate of a condominium containing any conversion building shall contain, in addition to the information required by section 448.4-102: (1) A statement of work done, including the nature thereof, on the foundation, structural members, roof, chimney, gutters […]
Section 448.3-116 – Lien for assessments.
Effective – 28 Aug 2014 448.3-116. Lien for assessments. — 1. The association has a lien on a unit for any assessment levied against that unit or fines imposed against its unit owner from the time the assessment or fine becomes due. The association’s lien may be foreclosed in like manner as a mortgage on […]
Section 448.3-117 – Other liens affecting the condominium.
Effective – 28 Aug 1983 448.3-117. Other liens affecting the condominium. — 1. A judgment for money against the association, if recorded, is not a lien on the common elements, but is a lien in favor of the judgment lienholder against all of the units in the condominium at the time the judgment was entered. […]
Section 448.3-118 – Association records.
Effective – 28 Aug 1983 448.3-118. Association records. — The association shall keep financial records sufficiently detailed to enable the association to comply with section 448.4-107. All financial and other records shall be made reasonably available for examination by any unit owner and his authorized agents. ——– (L. 1983 H.B. 177)
Section 448.3-106 – Bylaws.
Effective – 28 Aug 2001 448.3-106. Bylaws. — 1. The bylaws of the association shall 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 of a president, treasurer, secretary, and any other officers of the association the bylaws […]
Section 448.3-107 – Upkeep of condominium.
Effective – 28 Aug 1983 448.3-107. Upkeep of condominium. — 1. Except to the extent provided by the declaration, subsection 2 of this section, or subsection 8 of section 448.3-113, the association is responsible for maintenance, repair, and replacement of the common elements, and each unit owner is responsible for maintenance, repair, and replacement of […]
Section 448.3-108 – Meetings.
Effective – 28 Aug 1983 448.3-108. Meetings. — A meeting of the association shall be held at least once each year. Special meetings of the association may be called by the president or by twenty percent, or any lower percentage specified in the bylaws, of either the executive board or the unit owners. Not less […]
Section 448.3-109 – Quorums.
Effective – 28 Aug 1983 448.3-109. Quorums. — 1. Unless the bylaws provide otherwise, a quorum is deemed present throughout any meeting of the association if persons entitled to cast twenty percent of the votes which may be cast for election of the executive board are present in person or by proxy at the beginning […]
Section 448.3-110 – Voting — proxies.
Effective – 28 Aug 1983 448.3-110. Voting — proxies. — 1. If only one of the multiple owners of a unit is present at a meeting of the association, he is entitled to cast all the votes allocated to that unit. If more than one of the multiple owners are present, the votes allocated to […]
Section 448.3-111 – Tort and contract liability.
Effective – 28 Aug 1983 448.3-111. Tort and contract liability. — Neither the association nor any unit owner except the declarant is liable for that declarant’s torts in connection with any part of the condominium which that declarant has the responsibility to maintain. Otherwise, an action alleging a wrong done by the association shall be […]