Ivers Minor

Key facts from Ivers Minor's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association for a platted subdivision (Page 1: 'homeowner's association for Rid)

Legal name

Ridgewood Meadows Homeowners Association, Inc.

Developer / declarant

Cow Pony Properties, LLC (Page 1: 'The Declarant, as defined in th)

Governing law

Montana Nonprofit Corporation Act (Mont. Code Ann. § 35-2-...) (Page 4, reference to 'Mont. Code Ann. § )

Assessments & dues

Set annually by Board based on estimated budget needs; record owner of each Lot personally liable (Page 10-11, Section 15.b: 'The record ow)

Special assessments

Corporation may levy special assessment for that year only for defraying costs, in addition to regular assessment (Page 11, Section 15.c: 'the Corporation )

Collections & liens

Corporation may bring action to collect assessments/penalties with interest, costs, reasonable attorney's fees; may also place a lien upon and foreclose against the Lot for the assessment and fees incurred (Page 12, Section 15.f: 'The Corporation )

Reserves & fees

Budget must include reserves (item 6); no other details on separate reserve fund (Page 8, Section 12.i: '(6) Reserves;')

Voting & meetings

One vote per Lot; two voting classes? Not clearly divided; Lots 1A through 4875 appear to be standard lots; membership in Corporation equals one vote per Lot; proxy voting allowed (Page 4, Section 9.a: 'each Lot ... shall)

Amendments

Amendment, repeal, or restatement of By-Laws effective only when reduced to writing and approved by a two-thirds (2/3) affirmative vote of the aggregate voting power of the qualified membership present (in person or by proxy) at a meeting w (Page 13, Section 20: 'Amendment, repeal,)

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