Missouri Crossing

Key facts from Missouri Crossing's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration § 1.a: 'creates a condominiu)

Legal name

MISSOURI CROSSING UNIT OWNERS ASSOCIATION, INC

Governing law

Montana Unit Ownership Act (Declaration § 1.a: 'provisions of the Mo)

Assessments & dues

By Board according to annual budget; each unit pays based on percentage ownership (Bylaws § 10.1: 'assessed for their respe)

Special assessments

Allowed; for capital improvements or deficits; if total exceeds 10% of annual budget, requires 67% vote of members (Declaration § 13.f: 'Special Assessments)

Collections & liens

Assessment constitutes lien; may be foreclosed; mortgagee protections (first mortgage foreclosure purchaser not liable for prior assessments) (Declaration § 13.e: 'constitute a contin)

Reserves & fees

Mentioned; excess annual assessments may be held in reserves (Declaration § 13.e.ii: 'any amounts depo)

Architectural approval

Yes; no structural addition/alteration without written approval of Association (Declaration § 9.d.i: 'No structural ... )

Maintenance

Owner maintains unit; Association maintains Common Elements (General and Limited) (Declaration § 9.d.i: 'Maintenance of Uni)

Insurance

Not less than $1,000 (Bylaws § 11.2.6: 'deductible amount ... )

Use restrictions

Not residential; Unit A and Unit B restricted to commercial professional occupancy (Declaration § 9.a.i: 'use of each of the)

Voting & meetings

Each Unit vote proportionate to percentage interest in General Common Elements (Bylaws § 6.4: 'vote ... proportionate to)

Amendments

For percentage interests: consent of all affected owners and record amendment; general amendment procedure not given, but reference to 'amended from time to time' (Declaration § 22: 'interest of each Unit)

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