Mount Olive Shores North Owners Association

Key facts from Mount Olive Shores North Owners Association's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (References to Declaration of Covenants, )

Governing law

Florida Homeowners Association Act (Chapter 720) and Florida Not for Profit Corporation Act (Chapter 617) (Article V, Section 5.17; Article V, Sect)

Special assessments

May be levied by Board as necessary for repair/restoration after casualty, capital improvements, deferred maintenance, non-budgeted expenditures, deficits, and as set forth in Declaration and Florida law. (Article VIII, Section 8.4)

Voting & meetings

One vote per Lot. Co-owners must designate one to vote; no split vote. Tenancy by entireties: either owner may vote unless notified otherwise. Delinquent members may not vote. (Article III, Section 3.2)

Amendments

Bylaws may be repealed or amended by majority vote of Board of Directors or by majority vote of total number of Members. Board cannot amend or repeal a bylaw adopted by Members if Members specified it is not subject to Board amendment. (Article XI (Amendments section, page 14))

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