Silver Oak Residential Community, Inc.

What Silver Oak Residential Community, Inc.'s governing documents say

Silver Oak is a single-family home community in Tarrant and Johnson Counties, Texas, governed by a homeowners association. This Community Manual compiles the association's Certificate of Formation and Bylaws, which outline the corporate structure, board elections, meeting procedures, and voting rights. It does not contain use restrictions like pet or rental rules.

• Governing structure & developer rights: The developer (Forestar USA Real Estate Group Inc.) retains significant control until the Development Period ends, including the power to appoint and remove most board members and approve amendments. The Board manages the association's affairs, and during development can take many actions by unanimous written consent (except for assessment increases, elections, etc.).
• Membership & voting: Membership is mandatory for all lot owners. Each lot has one vote. Voting can occur in person, by proxy, absentee ballot, or electronic ballot. A quorum is 10% of total votes; after a quorum is present, at least 5% must remain. Cumulative voting is prohibited.
• Board of directors: Initially, the Board has three directors appointed by Declarant. After the 10th anniversary of the Declaration, one member-elected director serves a one-year term; Declarant still appoints 2/3 of the Board until the Development Period ends. After that, three directors serve staggered terms (1, 2, and 3 years). Directors must be members or authorized representatives of an entity owner.
• Meetings & notice: Board meetings are open to owners, except for executive sessions (personnel, litigation, contract negotiations, etc.). Notice of regular meetings must be given 10–60 days in advance. Special meetings require at least 3 days' notice. Meetings may be held electronically if members can hear and be heard.
• What this document doesn't cover: This excerpt does not include any use restrictions (e.g., pet limits, leasing terms, architectural guidelines) or specific assessment amounts. Those rules are in the separately recorded Declaration of Covenants, Conditions and Restrictions and other attachments not fully provided.

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.