Stuart Place Property Owners

Key facts from Stuart Place Property Owners's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Stuart Place Property Owners Association, Inc.

Governing law

Texas Non-Profit Corporation Act (Article 2.01)

Assessments & dues

Board may levy annual assessments for maintenance, repair, replacement of common areas and to accumulate reserve funds; may levy special assessments as necessary (Article 7.07(f)(g))

Collections & liens

Board may file liens and take other actions to collect assessments, including prosecuting actions at law or equity and foreclosing on such liens (Article 7.07(h))

Reserves & fees

Board may accumulate funds to be placed in reserve fund for future anticipated capital improvements and/or replacement of existing capital improvements (Article 7.07(f))

Voting & meetings

Each Lot entitled to one vote; ownership by multiple requires designation of one member; cumulative voting not permitted; dues must be paid in full to vote or stand for election (Article 5.01, Article 5.05, Article 4.01)

Amendments

By-laws may be amended, altered, or repealed by affirmative vote of two-thirds (2/3) of the Lots in person or by proxy (Article 16.01)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.