Arrowcrest

Key facts from Arrowcrest's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Arrowcrest Condominium Association, a Michigan non-profit corporation (Article III, 3.1(c))

Developer / declarant

PELA INVESTMENTS, LLC, a Michigan limited liability company (WITNESSETH paragraph and Preamble)

Governing law

Michigan Condominium Act, Act 59 of 1978, as amended (Preamble and Article I, 1.1)

Reserves & fees

At least 10% of current annual budget on noncumulative basis; funded by regular quarterly payments (Exhibit A, Article II, 2.2(a))

Voting & meetings

Each unit has equal percentage of value; one vote per unit for voting by value (unless otherwise specified) (Article V, 5.2 and Article IX, 9.1(b))

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