§ 47F-3-103 – Executive board members and officers.
47F-3-103. Executive board members and officers. (a) Except as provided in the declaration, in the bylaws, in subsection (b) of this section, or in other provisions of this Chapter, the executive board may act in all instances on behalf of the association. In the performance of their duties, officers and members of the executive board […]
§ 47F-3-104 – Transfer of special declarant rights.
47F-3-104. Transfer of special declarant rights. (a) No special declarant right (G.S. 47F-1-103(28)) defined under this Chapter may be transferred except by an instrument evidencing the transfer recorded in every county in which any portion of the planned community is located. Except for the transfer of declarant rights pursuant to subsection (c) of this section, […]
§ 47F-3-105 – Termination of contracts and leases of declarant.
47F-3-105. Termination of contracts and leases of declarant. If entered into before the executive board elected by the lot owners pursuant to G.S. 47F-3-103(e) takes office, any contract or lease affecting or related to the planned community that is not bona fide or was unconscionable to the lot owners at the time entered into under […]