Towngreen Village Homeowners'

Key facts from Towngreen Village Homeowners''s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners' Association (Property Owners Association) (a Property Owners Association as defined)

Legal name

The Towngreen Village Homeowners' Association, Inc.

Governing law

Texas Property Code and Texas Non-Profit Corporation Act (Page 2: 'governed by the Texas Property )

Assessments & dues

Board may set and change amount of annual dues for each class. Dues payable in advance on first day of fiscal year. New member dues prorated from first day of month admitted. (Art 2.03)

Voting & meetings

Class A Members (owners) get one vote per lot. Class B Members (Developer/Builders) get 12 votes per lot until conversion to Class A. Voting requires member in good standing. Votes cannot be cumulated for director elections. Proxies allowed (Art 2.01, 2.02, 3.08, 3.09, 4.04)

Amendments

Bylaws may be altered, amended, or repealed at annual meeting by membership or Board. Notice must include text or fair summary of proposed changes. Certain amendments only by members: changing number of directors, changing from fixed to var (Art 13)

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