Lake Parc Village POA, Inc.

What Lake Parc Village POA, Inc.'s governing documents say

Lake Parc Village POA, Inc. is a standard homeowners association (POA) in Fort Worth, Texas, governing a planned development of lots. These Bylaws set out how the association is run — meetings, elections, board, and officers — but do not contain the day-to-day rules for homeowners (like pets, rentals, or architectural standards), which are in the separate Declaration of Covenants, Conditions, and Restrictions.

• Membership & voting: Each lot owner is a member with one vote per lot owned (co-owners share one vote). Voting may be in person or by proxy; proxies expire after 11 months. A 2/5 quorum of votes is needed for member meetings. The Declarant (developer) has a separate Class B membership with 4 votes per lot until all lots are sold.
• Board of Directors composition & terms: The Board has 3 directors elected by members at the annual meeting for 2-year staggered terms (plurality vote, no cumulative voting). Directors serve without compensation and may be removed with or without cause by a majority vote of members. Vacancies are filled by the remaining directors.
• Officers: Officers include a President, Secretary, and Treasurer, elected by the Board after the annual meeting. Officers may be removed by the Board at any time. Duties are specified: President manages day-to-day, Treasurer handles finances, Secretary keeps minutes and records.
• Meetings: Annual member meetings are held each year; special meetings can be called by the President, Board, or members holding 1/5 of votes. Notice of member meetings must be given 10–60 days in advance. Board meetings require at least 1 business day notice for special meetings; a majority of directors constitutes a quorum. Meetings may be held by phone or similar technology.
• Indemnification: The Association must indemnify directors and officers who are successful in defending a proceeding, and may indemnify others if they acted in good faith. Expenses may be advanced upon a written undertaking to repay. The Association may also purchase insurance for directors and officers.
• Amendment of Bylaws: The Board of Directors may amend, modify, or repeal these Bylaws or adopt new ones, unless the Declaration or a member-adopted bylaw provides otherwise.
• What this document doesn't cover: These Bylaws do not contain use restrictions, pet rules, rental limits, architectural guidelines, or assessments. Those are in the Declaration of Covenants, Conditions, and Restrictions, which must be consulted separately.

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.