Condominium Declaration - Laserfiche WebLink

Home Browse Search

. � .T :� SECTION 4 • ASS4CIATION MEMBERSHIP: RIGHTS AND OBLICATIONS Membership in the Association, and the allocation to each Unit of a portion of the votes in ths Association, a.portion of the Common E;.penses, and a portion of the undivided interests in tne Common Eiements,shall be gaverned by the foilowing prorisions: 4.l Membershin. Each Owner shail be a Member sotely by reason o�owning a Unit, and the tnembership shall be transferred with the conveyance of the Owner's interest in the Unit. An Owner's membership shali terminate when the Owner's ownership terminates. �1/hen more than one Person is an Owner of a Unit,al! soch Persons shali be members of the Association,but ' multipie ownership of a Unit shall not increase the voting rights allocated to�such Unit .nor ' authorize the division of the voting rights. ' 4.2 Allocation of VotinQ Ri�hts, Common Expenses, and Undivided lnterests. � Common Expense obligations and undivided interests in the Common Elements are allocated ; equally among the Units, subject to the Association's right to levy limited Assessments under i Sections 6.4. Each Unit shall have one vote wiEh respect to matters in which the Owners are entided to vote. • . 43 Appurtenant Rit�hts and Obligations. The ownership of a Unit shall include the voting rights and Common Expense obligations described in Section 4.2. Said rights and . . obligations, and the title to the Units, shall not be separated or conveyed separately, and any conveyance, encumbrance, judicial sale or other transfer of any allocated in#erest in a Unit, separate from the title to the Unit shall be void. The allacation of the rights and obiigations described in this Section may not be changed, except in accordance with the Governing Documents and the Act. 4.4 Authoritv to Vote. The Owner,o�some natural Person designated to act as proxy ! on behalf of the Owner, and who need not be an Owner, may cast the vote allocated to such Unit at meetings of the Association. However, if there.are multiple Owners of a Unit,only the Owner or other Person designated pursuant to the provisions of the Bylaws may cast such vote. The voting rights of Owners are more fully described in Section 3 of the Bylaws. SECTION 5 � ADMINISTRATION I The administration and operation of the Association and the Property, including, but not limited to,the acts required of the Association, shall be governed by the fallowing provisions: 5.I General. The operation and administration of the Association and the Property shail be govemed by the Goveming Documents, the Rules and Regulations, and the Act. The Association shall, subject to the rights of the Owners set forth in the Goveming Documents and . the Act, be responsible for the operation, management, and control of the Property. The Association shall have al] powers described in the Governing Documents,the Act and the statute � under whic� the Association is incorporated_ All power and authority of the Association shall be MPLS-Word 9528l.t I 6 I