Residents Club

Key facts from Residents Club's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Document title and mention of "Associati)

Legal name

The Residents' Club Owners Association, Inc.

Governing law

South Carolina Nonprofit Corporation Act (S.C. Code Ann. § 33-31-708) (Page 2 of First Amendment: "pursuant to )

Special assessments

Specific Assessment for Master Policy premiums and deductibles (Section 10.4), for reconstruction deficiency (Section 10.12(b)), and for negligent owner costs (Section 10.8); also Capital Reserve Fee (transfer fee) per Second Amendment (Page 5 (Section 10.4), Page 7 (Section 1)

Collections & liens

Association has a lien against the Lot or Residence for unpaid Capital Reserve Fee, with right to foreclose and recover costs and reasonable attorney’s fees (Second Amendment Section 8.7: "Associati)

Reserves & fees

Capital Reserve Fee established to provide additional source of funds for reserves, collected on each Transfer of title. (Second Amendment Section 8.7: "To provid)

Voting & meetings

Each Member has one vote; amendments require at least 75% affirmative vote of members present; quorum is 51% of members (Page 2 of First Amendment: "23 of 28 Mem)

Amendments

Amendments require vote of Members by written ballot in lieu of meeting pursuant to S.C. Code Ann. § 33-31-708 and/or written consent under Section 3.8 of By-Laws, with quorum of 51% and affirmative vote of at least 75%. (Page 2 of First Amendment: "approved thi)

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