Stuart Place Prop Owners

Key facts from Stuart Place Prop Owners's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association

Legal name

STUART PLACE PROPERTY OWNERS ASSOCIATION, INC.

Governing law

Texas Non-Profit Corporation Act (Article 2, Section 2.01)

Assessments & dues

Board levies annual assessments for maintenance, repair, replacement of common areas and to accumulate reserve fund. Board may also levy special assessments as necessary for operation of Association. (Article 7, Section 7.06(f) and (g))

Collections & liens

Board has power to file liens and take other actions to collect assessments, including foreclosure and actions at law or equity. (Article 7, Section 7.06(h))

Reserves & fees

Board shall levy annual assessments to accumulate funds in a reserve fund for future anticipated capital improvements and replacements of existing capital improvements. (Article 7, Section 7.06(f))

Voting & meetings

Each Lot entitled to one vote; if lot owned one-half by two owners, each has one-half vote. For lots owned by multiple individuals (other than married couple) or entities, one person must be designated in writing as Member to exercise vote. (Article 5, Section 5.01; Article 4, Sect)

Amendments

Prior to turnover, Declarant may amend, alter, or repeal these By-laws. After turnover, amendments may be made at a regular or special meeting by affirmative vote of Members representing two-thirds (2/3rd) of the Lots, in person or by proxy (Article 16, Section 16.01)

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