Shadow Ridge Property Owners Association, Inc.

Key facts from Shadow Ridge Property Owners Association, Inc.'s documents

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

Community type

Property Owners Association (HOA) – not-for-profit corporation (Article I)

Governing law

Arkansas Non-Profit Corporation Act (Article VI(8))

Special assessments

Board may levy no more than one special assessment per year; must be approved by Quorum of Members in Good Standing at annual or special meeting (Article V(5))

Collections & liens

If default exceeds three months, Association may file lien against Lot; entitled to interest at maximum lawful rate, reasonable attorney's fees, and costs of filing lien (Article V(3))

Reserves & fees

$20.00 per month for each month in default, maximum of three months (Article V(3))

Voting & meetings

One vote per lot, regardless of number of owners (Article IV(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.