World Wide Vacations Club of Delaware

Key facts from World Wide Vacations Club of Delaware's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Timeshare Club (nonprofit corporation) (Recital A)

Governing law

Delaware Nonprofit Corporation Law (Recital A)

Special assessments

Special Assessment levied when Basic Assessment inadequate; subject to §9.2(d) (limitations on termination) (§1.79)

Pets

No animals, livestock, birds, fish, or poultry of any kind (Section 2.10)

Home business

Prohibited – no trade, business, or commercial activity (Section 2.11)

Signs & flags

Prohibited except as allowed by an Underlying Plan (Section 2.11)

Use restrictions

Use limited to private, residential use; commercial use prohibited (Section 2.4)

Voting & meetings

Regular and Term Members: 2 votes per membership; Biennial Members: 1 vote per membership. Joint owners cast vote as a unit. Cumulative voting for directors allowed with prior notice. (§3.2(b), (c), (d)(iii))

Amendments

Amendment of Declaration requires vote of Majority of Members and majority of voting power of all Term Memberships and majority of voting power of all Regular and Biennial Memberships (for specified matters). More generally, amendment by ma (§3.2(d)(ii) (partial), §9.1 (title))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.