Lost Creek Northwest Homeowners Association

Key facts from Lost Creek Northwest Homeowners Association's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I – Name and Location)

Governing law

Oklahoma not-for-profit corporation law (Article I: 'a not-for-profit corporation)

Assessments & dues

Fixed by Board at each annual meeting; may be increased or decreased (Article XI, Section 11.3; Article VIII, )

Reserves & fees

Annual Dues may be used to build up a fund for repair and replacement of improvements on subdivision roads, cart paths, etc. (Article XI, Section 11.3)

Voting & meetings

One vote per Lot; multiple owners must agree; voting rights may be suspended for non-payment of dues (Article III, Section 3.2)

Amendments

Bylaws may be amended by majority vote of Board members present at a regular or special meeting (Article XII, Section 12.1)

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