Doma Homeowners Association

Key facts from Doma Homeowners Association's documents

Community type

Homeowners Association

Legal name

DOMA HOMEOWNERS ASSOCIATION

Governing law

California Corporations Code (especially Sections 7140, 7237, 7513, 8322, 5016); California Civil Code (Sections 1354, 1365, 1365.5, 1366, 1366.3, 1368.4, 1375); Code of Civil Procedure Section 383 (Various sections: e.g., Section 6.9 (Cor)

Assessments & dues

Association has right to impose assessments as set forth in Declaration. Board prepares annual pro forma budget and may levy special assessments if needed. (Article IV; Section 9.25(d) (budget prep)

Special assessments

Board may levy special assessment to restore reserve funds if temporarily transferred (Section 10.4(b)). Budget must state whether Board anticipates special assessments (Section 9.25(d)(iii)). (Section 9.25(d)(iii); Section 10.4(b))

Reserves & fees

Reserve accounts defined and regulated in Article X. Board must review reconciliations quarterly. Withdrawal from reserve requires signatures of two directors or one non-director officer and one director. Temporary transfer to operating fun (Article X (Sections 10.1-10.4))

Voting & meetings

Two classes of voting membership as set forth in Declaration. Each Member entitled to vote. Secret written ballot for election of directors. Cumulative voting allowed if notice given. (Article III; Section 6.6; Section 7.2 (c)

Amendments

Prior to first escrow closing, Declarant may unilaterally amend. After first escrow close but before conversion of Class B to Class A, amendment requires vote or written assent of majority of each class. After conversion, amendment requires (Article XI (Sections 11.1, 11.2))

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