Condominium Bylaws Condo Association With Board Members In Wayne
Description
Form popularity
FAQ
Section 57 of the Act provides that all books, records, contracts, and financial statements concerning the administration and operation of the inium project shall be available for examination by any of the co-owners at convenient times.
The inium documents include the master deed, inium subdivision plan, bylaws for the inium project, and any other documents referred to in the master deed or bylaws. In addition, the developer is required to provide a disclosure statement.
In Alberta the owners are in breach of the law if the do not have a Board. The Act is clear that this is required by the use of the term "shall". So the Board members that just resigned are at risk of personal liability at this point as they cannot simply step down and leave the condo without a board.
The board of administration shall be composed of five members unless the inium has five or fewer units. The board shall consist of not fewer than three members in iniums with five or fewer units that are not-for-profit corporations.
Sec. 67. (1) A change in a inium project shall be reflected in an amendment to the appropriate inium document. An amendment to the inium document is subject to sections 90, 90a, and 91.
Sec. 47. (1) Subject to the prohibitions and restrictions in the inium documents, a co-owner may make improvements or alterations within a inium unit that do not impair the structural integrity of a structure or otherwise lessen the support of a portion of the inium project.
The dissolution of a homeowners association in Michigan necessitates a formal resolution, approval from a majority of members, and adherence to specific procedures set forth in the Michigan Nonprofit Corporation Act.
Any changes to the Articles of Incorporation or the bylaws must be documented in the county in which the community is located.
Fines. Homeowner's associations in Indiana have the authority to penalize property owners for violations and unpaid dues.
