Bylaws Of Homeowners With The Philippines In King

State:
Multi-State
County:
King
Control #:
US-00444
Format:
Word; 
Rich Text
Instant download

Description

The Bylaws of homeowners with the Philippines in King establish the governance structure of the homeowners' association, specifying the corporation's name and principal office location. They outline the procedures for shareholder meetings, including the timing of annual meetings, special meetings, and the necessary quorum for decision-making. Important provisions include the notification processes for meetings, voting procedures, and proxy voting guidelines. The bylaws also detail the roles and responsibilities of the Board of Directors, including their powers, meeting regulations, and methods for handling officer elections and vacancies. Utility-wise, this document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a legal framework for organization, clarifying the procedures for governance and ensuring compliance with local regulations. It serves as a foundational document for managing relationships among homeowners, which is critical for harmonizing community living. The sections on contracts, share transfers, and the fiscal year also highlight practical implications for daily operations and financial management within the association.
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FAQ

By-laws Adoption. – Every corporation formed under this code, must, within one month after receipt of official notice of the issuance of its certificate of incorporation by the Securities and Exchange Commission, adopt a new code of by-laws for its government not inconsistent with this code.

"Association" refers to the homeowners' association which is a nonstock, nonprofit corporation registered with the Housing and Land Use Regulatory Board (HLURB), or one previously registered with the Home Insurance Guarantee Corporation (now Home Guaranty Corporation) or the Securities and Exchange Commission (SEC), ...

SECTION 37. Association officers - Unless otherwise provided in the by-laws, an Association should have the following executive officers who shall be responsible for the management of the Association's business: president, vice-president, secretary, treasurer and auditor.

— Every association of homeowners shall be required to register with the HLURB. This registration shall serve to grant juridical personality to all such associations that have not previously acquired the same by operation of the General Corporation Law or by any other general law.

In homeowners association cases, the Complaint shall be filed in the RAB which has jurisdiction over the region where the association is registered with the DHSUD.

In homeowners association cases, the Complaint shall be filed in the RAB which has jurisdiction over the region where the association is registered with the DHSUD. (Rule 2, Section 7, Rules of Procedure of the Human Settlements Adjudication Commission).

Republic Act No. 8763 (March 7, 2000) transferred the powers of the Home Guaranty Corporation (HGC) over concerned Homeowners Association (HOAs) to HLURB. The Housing and Land Use Regulatory Board (HLURB) is government's regulatory body for housing and land development.

Statutory Basis: RA 9904 (Magna Carta for Homeowners and Homeowners Associations) and its IRR grant HOAs the right to impose and adjust reasonable fees and assessments. Procedure: Increases require: A board resolution. Proper notice to members.

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Bylaws Of Homeowners With The Philippines In King