Amyx Ranch Est Homeowner

Key facts from Amyx Ranch Est Homeowner's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (AMYX RANCH ESTATES HOMEOWNERS ASSOCIATIO)

Legal name

AMYX RANCH ESTATES HOMEOWNERS ASSOCIATION, INC.

Governing law

Texas Business Corporation Act (reference in Article 4.8); nonprofit corporation (Article 6.05) (Business Corporation Act (Art. 4.8); non)

Assessments & dues

Not fixed; Board establishes annual or special assessment sufficient in its judgment to pay charges and expenses. (Art. 10.01)

Special assessments

Board may establish special assessments for non-recurring expenses relating to operation, management, administration, or for maintenance, care, alteration, improvement, or reconstruction of specific Lots. (Art. 10.03)

Collections & liens

Unpaid assessments constitute a lien on the Lot and Residence, prior and superior except to first lien indebtedness and tax liens. May be enforced by non-judicial foreclosure under V.T.C.A. Property Code 51.002; Board may appoint trustee; A (Art. 10.05)

Reserves & fees

Interest at 18% per annum on unpaid assessments after 15 days from due date. (Art. 10.04)

Voting & meetings

Three classes: Class A (1 vote per Lot for all other owners), Class B (non-voting during construction until conditions met or 10th anniversary), Class C (Declarant, 4 votes per Lot owned or sold to Class B). Until Declarant no longer owns 4 (Art. 6.02, 6.03)

Amendments

Bylaws may be altered, amended, repealed or new bylaws adopted by Board of Directors at meeting with quorum, provided notice of proposed change in meeting notice. Members may repeal or change by action. (Art. 11.4)

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