Condominium Declaration - Laserfiche WebLink

Home Browse Search

i � � 13.7 Enforcement bv Owners. The provisions of this Section shall not limit or impair • the independent rights of other Owners to enforce the provisions of the Governing Documents, the Rules and Regulations,and the Act,as provided thereia. ]3.8 Liti ation. Notwithstanding anything contained herein to the contrary, the � Association may nat commence any judicial or administrative action on behalf of the Owners - (other thar, an acti�n commenced to enforce the Governing �ocuments or the Rules and Regulations, or to defe�d the Association), without f:st obtaining the affirmative vote of the �wners to which are allocated at least sixty-seven percent of the votes in th� Associatian, in peison or by praxy, at a meeting called far such purpose in accordance with the Bylaws, or by written ballot. ISECTIC>N 14 AMENDMENTS � I 14.1 Approval Requirements. Except for amendments by Declarant pursuant to Section 16, this Declaration may be amended only by the approvai of 14.1.1 The Board;and 14.1.2 The Owners of Units to which are allocated at least sixty-seven percent of the total votes in the Association,except as otherwise provided by the Act; and � 14.1_3 Declarant as to certain amendments as provided in Section 16;and 14.1.4 The percentage af Eligible Mortgagees (based upon one vote per Unit finance) as and if required by Section 15. 14.2 Procedures. Approval of the Owners may be obtained in writing or at a meeting of the Association duly held in accordance with the Bylaws. Consents of Eligible Mortgagees and Declarant, if required, shall be in w�iting. Any amendment shall be subject to any greater requirements imposed by the Act. The amendrnent sha!! be effective when recorded.as provided in the Act. An affidavit by the Secretary or the President of the Association as to the outcome of the vote, or the execution of the foregoing agreements flr consents, shall be adequate evidence thereof for all purposes, including without]irr►itation;the recording of the amendment. SECTION IS RIGHTS OF ELIGIBLE M�R7'GAGEES Notwithstanding anything to the contrary in the Governing Documents, but subject to the Act or other laws, Eligibfe Mortgagees shali have the following rights and protections: 15.1 Consent to Certain Amendments. Subject to Declarant's rights under Section 15, the written consent of Eligible Mortgagees representing at least fifty-one percent of the Units that ' are subject to first mortgages keld by Eligible Mortgagees (based upon one vote per Unit financed) shal] be required for any amendment to the Governing Documents which changes any Mris-wo�a 9szsi.i i 34 .