Sections
28 entriesSection 4075Defines the article’s definitions as governing construction of the act. When terms covered by those definitions are used in construing the act,…Section 4076Defines “annual budget report” as the report described in the referenced provision. Uses that cross-referenced report as the controlling meaning of the…Section 4078Defines “annual policy statement” as the statement described in the referenced provision of the act. The term incorporates that cross-referenced statement and…Section 4080Defines association as either a nonprofit corporation or an unincorporated association created to manage a common interest development. The definition therefore requires…Section 4085Defines board as the board of directors of the association. Under this definition, the board is the association’s board of directors, and…Section 4090Defines a board meeting as either a quorum of directors gathered to hear, discuss, or deliberate board business, or a qualifying teleconference.…Section 4095Defines common area as the entire common interest development other than separate interests, with the common-area estate permitted to be a fee,…Section 4100Defines “common interest development” to mean a community apartment project, condominium project, planned development, or stock cooperative. Each listed development form falls…Section 4105Defines a community apartment project as a development where an undivided interest in land is coupled with a right of exclusive occupancy…Section 4110Defines a community service organization or similar entity as a nonprofit, other than an association, organized to serve development residents or also…Section 4120Defines “condominium plan” as the plan described in the referenced provision of the act. The definition incorporates that cross-referenced plan rather than…Section 4125Defines a condominium project as a real property development consisting of condominiums and defines each condominium as an undivided common interest coupled…Section 4130Defines declarant as the person or group designated as declarant in the declaration or, if none is designated, the person or group…Section 4135Defines “declaration” as the document, however denominated, that contains the information required by the referenced provisions. A document falls within the definition…Section 4140Defines “director” as a natural person who serves on the board. The statutory term applies through the stated combination of natural-person status…Section 4145Defines exclusive use common area as common area designated for fewer than all owners and appurtenant to their separate interests. Unless the…Section 4148Defines “general notice” as delivery of a document pursuant to the act's referenced general-delivery provision. The term therefore refers to document delivery…Section 4150Defines governing documents as the declaration and other documents that govern operation of a common interest development or association. The definition expressly…Section 4153Defines “individual notice” as delivery of a document pursuant to the act's referenced individual-delivery provision. The term therefore means document delivery made…Section 4155Defines an item of business as any action within the board's authority, except actions the board has validly delegated to another person,…Section 4158Defines a managing agent as a person who, for compensation or expected compensation, exercises control over common-interest-development assets. The definition excludes a…Section 4160Defines “member” as an owner of a separate interest. The statutory term equates membership with being an owner of a separate interest,…Section 4170Defines person to include a natural person, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership, limited liability company,…Section 4175Defines a planned development as a real property development other than a community apartment project, condominium project, or stock cooperative that has…Section 4177Defines reserve accounts as money the board identifies for future repair, replacement, or additions to major components the association must maintain, plus…Section 4178Defines reserve account requirements as the estimated funds the board determines must be available at a specified time to repair, replace, or…Section 4185Defines separate interest by development type as exclusive apartment occupancy, a separately owned condominium unit, a separately owned planned-development lot, parcel, area,…Section 4190Defines a stock cooperative as a development where a corporation primarily holds improved real property and substantially all shareholders receive exclusive occupancy…