Of Oak Hills Estates Owners Association

Key facts from Of Oak Hills Estates Owners Association's documents

Community type

Covenant / Planned Community

Legal name

Oak Hills Estates Owners Association

Governing law

California Nonprofit Mutual Benefit Corporation Law (Article V, Section 1)

Assessments & dues

Fixed and levied by Board pursuant to Declaration (Article III, Section 3)

Special assessments

Special Assessments mentioned in budget statement requirement; Board may levy (Article VII, Section 5(d))

Collections & liens

Association shall distribute annually a statement describing policies and practices in enforcing its lien rights and other remedies against Owners for defaults in payment of Regular and Special Assessments (Article VII, Section 5(d))

Reserves & fees

Budget must disclose cash reserves available for replacement or major repair; withdrawal of reserve funds requires two signatures (two Board members or one Board member and an Officer not on Board) (Article VII, Section 5(a)(ii); Article V)

Voting & meetings

Each Member entitled to one vote per Lot owned; single class of voting membership; voting rights vest upon assessment levy (Article III, Sections 2-3)

Amendments

Bylaws may be adopted, amended or repealed by vote or written assent of Members entitled to exercise majority of voting power; percentage for specific clause must be at least that required for action under that clause (Article I, 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.