Liberty Hill Homeowners Association, Inc.

Key facts from Liberty Hill Homeowners Association, Inc.'s documents

Community type

homeowners association (Title)

Governing law

Nonprofit Corporation Law of the State of North Carolina (Art. IV, Sec. 1(i))

Assessments & dues

fixed by board; no specific amount stated (Article IV Section 2(d))

Special assessments

not explicitly addressed; board may assess for common area upkeep (Article IV Section 2(a))

Collections & liens

Board may foreclose lien or bring action for unpaid assessments after 30 days due (Article IV Section 2(f))

Insurance

board may procure and maintain insurance master policy and equitably assess owners for pro rata expense (Article IV Section 1(e))

Voting & meetings

51% of votes (Art. I, Sec. 5)

Amendments

bylaws amended by majority vote of members at regular or special meeting; during Development Period only by Declarant (Art. V)

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