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 […]
Section 448.2-117 – Amendment of declaration.
Effective – 28 Aug 1983 448.2-117. Amendment of declaration. — 1. Except in cases of amendments that may be executed by a declarant under subsection 6 of section 448.2-109, or section 448.2-110; the association, under section 448.1-107, subsection 4 of section 448.2-106, subsection 3 of section 448.2-108, or subsection 1 of section 448.2-112, or section […]
Section 448.2-118 – Termination of a condominium.
Effective – 28 Aug 1983 448.2-118. Termination of a condominium. — 1. Except in the case of a taking of all the units by eminent domain, a condominium may be terminated only by agreement of unit owners of units to which at least eighty percent of the votes in the association are allocated, or any […]
Section 448.2-119 – Rights of secured lenders.
Effective – 28 Aug 1983 448.2-119. Rights of secured lenders. — The declaration may require that all or a specified number or percentage of the mortgagees or beneficiaries of deeds of trust encumbering the units approve specified actions of the unit owners or the association as a condition to the effectiveness of those actions, but […]
Section 448.2-120 – Master associations.
Effective – 28 Aug 1983 448.2-120. Master associations. — 1. If the declaration for a condominium provides that any of the powers described in section 448.3-102 are to be exercised by or may be delegated to a profit or not for profit corporation or unincorporated association which exercises those or other powers on behalf of […]
Section 448.2-121 – Merger or consolidation of condominiums.
Effective – 28 Aug 1983 448.2-121. Merger or consolidation of condominiums. — 1. Any two or more condominiums may, by agreement of the unit owners as provided in subsection 2 of this section, be merged or consolidated into a single condominium. In the event of a merger or consolidation, unless the agreement otherwise provides, the […]
Section 448.3-101 – Organization of unit owners’ association.
Effective – 28 Aug 1983 448.3-101. Organization of unit owners’ association. — A unit owners’ association shall be organized no later than the date the first unit in the condominium is conveyed. The membership of the association at all times shall consist exclusively of all the unit owners or, following termination of the condominium, of […]