Meridan Square

What Meridan Square's governing documents say

This is the Bylaws of Meridian Square Homeowners Association, a Texas nonprofit corporation governing a homeowners association community. It defines how the association is run — membership, board elections, meetings, voting, and officers — but does not contain the specific rules (like pets, rentals, or architectural standards) that would be in the Declaration or rules and regulations. The document is a partial rulebook; residents should also refer to the Declaration for full covenants.

• What you own: You own a Unit (a lot or home) with an appurtenant common interest in the Common Elements (shared areas like streets, parks, or amenities). Membership in the association is automatic with unit ownership and cannot be separated from the unit.
• Membership & voting: Each unit gets one vote, proportional to its common interest. Owners may vote in person or by proxy. If more than one person owns a unit, they must agree on how to cast the single vote. Voting rights and use of common elements can be suspended for nonpayment of assessments or rule violations.
• Board of Directors: The Board has 5 members, each serving staggered 3-year terms. Directors need not be owners or Texas residents. During a 'Declarant control period' (until 75% of units are sold to non-declarant owners), the developer controls the board. After that, owners elect directors. The board manages the association, sets assessments (subject to the Declaration), and may not spend over $10,000 on capital improvements without member approval (excluding insurance proceeds or budgeted items).
• Assessments & finances: The board fixes annual and special assessments per unit as provided in the Declaration. Failure to pay can result in a lien and suspension of membership rights. The board must maintain insurance, fidelity bonds, and cause an annual audit by a public accountant.
• Meetings & notices: Annual member meetings are held each year within 60 days of the anniversary of the first meeting. Special meetings can be called by a majority of the board or by members holding 20% of the vote. Written notice must be given 10–50 days before meetings. A majority of all votes (not just those present) constitutes a quorum.
• Amendments & conflicts: Bylaws can be amended by a majority of all members or directors (not just those at a meeting). If the Bylaws conflict with the Declaration or Certificate of Formation, the Declaration controls first, then the Certificate.
• What this document doesn't cover: These Bylaws do not include specific community rules on pets, rentals, parking, architectural review, age restrictions, or use of common amenities. Those are likely in the Declaration, separate rules and regulations, or other recorded documents. The document also does not state the exact amount of assessments or fees.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.