The Grove Frisco Commercial Community, Inc.

What The Grove Frisco Commercial Community, Inc.'s governing documents say

This is the Certificate of Formation (articles of incorporation) for The Grove Frisco Commercial Community, Inc., a nonprofit corporation that serves as the homeowners association for a commercial community in Frisco, TX. It establishes the association's corporate structure, membership, and governance, but it does not contain the actual community rules or restrictions—those are in a separate master covenant document. This filing is an ancillary document, not a full rulebook.

• Corporate structure & purpose: The association is a nonprofit corporation with perpetual existence. Its purpose is to operate for nonprofit purposes under Texas law, with powers granted by the master covenant, bylaws, and applicable law. It cannot sue in the name of an owner or member.
• Membership & voting rights: Membership is automatic for owners of a qualifying property interest as defined in the master covenant. Membership runs with the property and cannot be separately transferred. Voting rights are determined by the master covenant.
• Board of directors: The initial board has three directors (names provided) who need not be members. The number of directors can be changed by amending the bylaws. Directors have limited personal liability except as required by law.
• Indemnification: The association must indemnify directors, officers, and committee members against costs and liabilities arising from their roles, subject to the master covenant's terms.
• Dissolution: The association may be dissolved by a vote of at least 90% of the total votes. Upon dissolution, assets go to a public agency or similar nonprofit.
• Amendment of Certificate of Formation: Amendments require a majority vote of the board, plus written approval of the declarant during the development period. Certain provisions (like the purpose clause) require 100% member vote after that period.
• Action without meeting: Members may take action by written consent instead of a meeting, if the consent is signed by members holding the minimum votes needed. The board must give at least 10 days' notice before soliciting consents.
• What this document doesn't cover: This document does not contain any community rules, restrictions, or obligations—such as property use, maintenance, assessments, leasing, pets, or architectural standards. Those are in the separate 'The Grove Frisco Master Covenant [Commercial]' and possibly other governing documents.

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.