One Hundred Twenty Bay Creek

Key facts from One Hundred Twenty Bay Creek's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Vacation Multiple Ownership Interest Apartment (timeshare interval ownership) (Preamble: 'protecting the value and desi)

Legal name

120 Bay Creek Owners Association, Inc. (Article I, Section 3; Bylaws Article I, )

Units / lots

1 (Apartment Unit 120 Bay Creek Horizontal Property Regime), divided into 13 one-thirteenth undivided interests (Intervals) (Recital: 'Unit 120 Bay Creek Horizontal )

Developer / declarant

Blue Marlin Properties, LLC (Article I, Section 5)

Governing law

S.C. Code Ann. § 15-48-10 et seq. (1976), as amended (arbitration) (First page: 'THIS DECLARATION IS SUBJECT)

Assessments & dues

Annual Assessment may be increased or decreased each year by majority vote of Members. Budget prepared and approved at annual meeting. (Article IV, Section 3)

Special assessments

Levied by majority vote of Members for maintenance, improvement, repair, or for operating expenses or to pay special assessments levied by Association. Also levied for fines and costs of correcting violations (after notice and hearing). (Article IV, Sections 4 and 5)

Voting & meetings

Each Owner has one vote per Interest owned. Delinquent Owners lose vote. Co-owners must designate one voter. (Article V, Section 2; Bylaws Article III)

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