§ 47F-2-118 – Termination of planned community.
47F-2-118. Termination of planned community. (a) Except in the case of taking of all the lots by eminent domain (G.S. 47F-1-107), a planned community may be terminated only by agreement of lot owners of lots to which at least eighty percent (80%) of the votes in the association are allocated, or any larger percentage the […]
§ 47F-2-120 – Master associations.
47F-2-120. Master associations. If the declaration for a planned community provides that any of the powers described in G.S. 47F-3-102 are to be exercised by or may be delegated to a profit or nonprofit corporation which exercises those or other powers on behalf of one or more other planned communities or for the benefit of […]
§ 47F-2-121 – Merger or consolidation of planned communities.
47F-2-121. Merger or consolidation of planned communities. (a) Any two or more planned communities, by agreement of the lot owners as provided in subsection (b) of this section, may be merged or consolidated into a single planned community. In the event of a merger or consolidation, unless the agreement otherwise provides, the resultant planned community […]
§ 47F-2-101 – Creation of the planned community.
47F-2-101. Creation of the planned community. A declaration creating a planned community shall be executed in the same manner as a deed and shall be recorded in every county in which any portion of the planned community is located. (1998-199, s. 1; 2012-18, s. 1.7.)
§ 47F-2-103 – Construction and validity of declaration and bylaws.
47F-2-103. Construction and validity of declaration and bylaws. (a) To the extent not inconsistent with the provisions of this Chapter, the declaration, bylaws, and articles of incorporation form the basis for the legal authority for the planned community to act as provided in the declaration, bylaws, and articles of incorporation, and the declaration, bylaws, and […]
§ 47F-2-117 – Amendment of declaration.
47F-2-117. Amendment of declaration. (a) Except in cases of amendments that may be executed by a declarant under the terms of the declaration or by certain lot owners under G.S. 47F-2-118(b), the declaration may be amended only by affirmative vote or written agreement signed by lot owners of lots to which at least sixty-seven percent […]