Post by Admin on Mar 12, 2014 9:25:30 GMT -5
720.315 Passage of special assessments.—Before turnover, the board of directors controlled by the developer may not levy a special assessment unless a majority of the parcel owners other than the developer has approved the special assessment by a majority vote at a duly called special meeting of the membership at which a quorum is present.
Editor's Note: This does not apply to SLohA; it applies only to HOA still under Developer control. SLohA's governing documents control how special assessments can be made.
History.—s. 28, ch. 2010-174.
Disclaimer: I am not an attorney and the interpretations above are my opinion and offered for informational purposes only. These interpretations should not be relied upon if you are contemplating legal action. Consult an attorney for legal advice.
Editor's Note: This does not apply to SLohA; it applies only to HOA still under Developer control. SLohA's governing documents control how special assessments can be made.
History.—s. 28, ch. 2010-174.
Disclaimer: I am not an attorney and the interpretations above are my opinion and offered for informational purposes only. These interpretations should not be relied upon if you are contemplating legal action. Consult an attorney for legal advice.