Oregon Articles of Incorporation of Homeowners Association

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A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organiza¬tions. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.

A Home Owners Association is an organization of homeowners of a particular subdivision, condominium or planned unit development. The purpose of a home owners association is to provide a common basis for preserving maintaining and enhancing their homes and property. Most homeowners' associations are non-profit corporations. They are subject to state statutes that govern non-profit corporations and homeowner associations. The associations provide services, regulate activities, levy assessments, and impose fines. Usually, each member of a homeowners association pays assessments. Those assessments or dues are used to pay for expenses that arise from having and maintaining common property.

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FAQ

Unfortunately, the association cannot function without a board. There would be no one to transact business, make or sign contracts, or to make general decisions about the function of the association. No one would have authority to collect dues or pay contractors. No Board Members? What Happens To Your Association Next? ottesq.com ? articles ? no-board-members-w... ottesq.com ? articles ? no-board-members-w...

Finally, is an HOA considered a local government? No?HOAs are not considered a local government entity. While they do hold some administrative functions for a community, such as collecting assessments and enforcing rules, they do not possess the authority granted to real government bodies.

HOA CONTACT INFORMATION AND DOCUMENTS HOA Directory - The Oregon Secretary of State gives the public the ability to search for corporation information, including an association's contact information, list of board members, and corporation documents, such as the association's articles of incorporation.

Homeowners' associations in Oregon must be organized as a corporation for-profit or nonprofit corporation under ORS 94.828 (1). Oregon HOA Laws, Regulations & Resources hopb.co ? oregon hopb.co ? oregon

Typically, to dissolve an HOA in Oregon, you would need to call an association meeting and vote on the decision to dissolve the association. If approved, the members who agree to the dissolution must sign the termination agreement. How to Dissolve an HOA in Oregon | Ask a Manager hoamanagement.com ? ask-an-hoa-manager hoamanagement.com ? ask-an-hoa-manager

Commonly, CC&Rs have a declared term of existence, after which they expire naturally.

In Oregon, HOAs are governed by the Oregon Planned Communities Act found in Chapter 94 Section 500 of the Oregon Statutes. This act governs all buildings and improvements where owners are collectively responsible for maintenance, operation, and insurance related to any property within the community. Oregon HOA Laws (2023): State Rules & Regulations for HOAs iPropertyManagement.com ? laws ? oregon-hoa... iPropertyManagement.com ? laws ? oregon-hoa...

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Oregon Articles of Incorporation of Homeowners Association