Denton Settlers Village Townhomes Association, Inc.

What Denton Settlers Village Townhomes Association, Inc.'s governing documents say

This document is the Bylaws of the Denton Settlers Village Townhomes Association, Inc., a Texas non-profit corporation governing an attached townhome community in Lewisville, TX. The Bylaws define how the association is run — membership, voting, board elections, meetings, and officer duties — but do not contain the community's specific use restrictions, which are in the separate Declaration.

• Membership & voting: Each lot owner is automatically a member with one vote per lot. The developer (Declarant) holds 10 votes per lot as a Class B member until either Class A votes equal Class B or 10 years after the Declaration was recorded. Multiple owners of a lot must agree on how to cast its single vote; otherwise the vote is forfeited.
• Board of directors: The board must have at least three directors, all of whom must be owners (or representatives of owner entities). Directors serve staggered two-year terms. The board can remove a director for three unexcused absences or for being more than 90 days delinquent on assessments.
• Meetings & notices: An annual meeting of members must be held within 120 days after the close of the fiscal year. Special meetings can be called by the developer, president, board, or by members holding 50% of votes. Board meetings are open to members but members may not participate unless authorized.
• Officers: Officers include a President, Vice President, Secretary, and Treasurer. The President and Secretary cannot be the same person. Officers are elected annually by the board and serve one-year terms. The board may remove any officer with or without cause.
• Amendments: The Bylaws or Articles of Incorporation can be amended by a vote of the members (as provided in Section 4.06), but before the Class B membership ends, the developer's written approval is required. The developer may unilaterally amend to correct technical errors or for clarification.
• What this document doesn't cover: Specific community rules such as pet limits, leasing restrictions, age requirements, architectural standards, parking, or assessment amounts are not in these Bylaws. Those are contained in the separate Declaration of Covenants, Conditions and Restrictions, which is referenced but not included here.

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.