§ 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 […]
§ 47F-3-106 – Bylaws.
47F-3-106. Bylaws. (a) 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 officers of the association; (3) The qualifications, powers and duties, terms of office, and manner of electing and removing […]
§ 47F-3-107 – Upkeep of planned community; responsibility and assessments for damages.
47F-3-107. Upkeep of planned community; responsibility and assessments for damages. (a) Except as otherwise provided in the declaration, G.S. 47F-3-113(h) or subsection (b) of this section, the association is responsible for causing the common elements to be maintained, repaired, and replaced when necessary and to assess the lot owners as necessary to recover the costs […]