Shercross HOA, Inc.

Key facts from Shercross HOA, Inc.'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Shercross HOA, Inc. (Bylaws Article I, Page 6)

Developer / declarant

Shercross Development, L.C., a Texas Limited Liability Company (Page 1, certification)

Governing law

Texas Business Organizations Code (Section 22.155, etc.) and Texas Property Code Chapter 209 (Texas Residential Property Owners Protection Act) (Bylaws Section 3.4 (TBOC); Fine and Enfo)

Assessments & dues

Board fixes amount of Assessments against each Lot in advance of each annual assessment period as provided in Declaration. (Bylaws Section 6.1(g)(1))

Collections & liens

Fines and damage charges are secured by lien per Declaration Section 6.1.2. Association may not foreclose assessment lien consisting solely of fines. (Fine and Enforcement Policy, Sections 8 )

Voting & meetings

Each Owner of a Lot is a mandatory Member. Voting rights as per Declaration. Proxies, absentee ballots, electronic ballots permitted. Cumulative voting not allowed. Voting disqualified provisions void. (Bylaws Section 3.1, 3.9, 3.10)

Amendments

Bylaws may be amended by Declarant during Development Period, or by Majority of Board with Declarant consent. After Development Period, by Majority of Board. Community Manual similarly amended. (Bylaws Section 2.6 and Section 12)

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