Pine Island Property Owners Association, Inc.

Key facts from Pine Island Property Owners Association, Inc.'s documents

Community type

Homeowners Association (non-profit corporation) (Introduction: 'The Association is incorp)

Developer / declarant

Turnpike Properties, Inc. (Article II, Section 4(f) and (g))

Governing law

North Carolina Non-Profit Corporation Act (Article XVIII, Section 2: 'comply with t)

Assessments & dues

Board of Directors determines annual budget, establishes assessments (Common Charges) and allocates among Owners according to Declaration (Article X, Section 1; Article VII, Secti)

Collections & liens

Unpaid Common Charges constitute a lien on the Lot/Dwelling Unit; Association may foreclose under powers in Declaration or law; may also sue for money judgment without waiving lien (Article X, Sections 6 and 7)

Parking & vehicles

Individual Owners and staff may have exclusive use of parking spaces and loading areas as provided in Rules and Regulations (Article XI, Section 2(d))

Signs & flags

Declarant may display signs for sales; no other specific sign restrictions mentioned in Bylaws (may be covered in rules/regulations) (Article XI, Section 1(h) (Declarant's us)

Voting & meetings

Voting in accordance with Declaration Article Five; majority of votes cast at quorate meeting binding except where higher percentage required (Article VI, Section 2)

Amendments

Bylaws amended at duly called Members meeting: notice must contain substantial statement of proposed amendment; must be approved in writing by holders of 51% of mortgages/deeds of trust on Lots/Dwelling Units; approved by Board; and consist (Article XIX, Section 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.