Bylaws

Published on Nov 04, 2018

No Description

PRESENTATION OUTLINE

Bylaws

Crooked River Ranch

Applicable Statutes

  • ORS 94 - Planned Community Act
  • ORS 65 - Nonprofit Corporation Act
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Applicability of ORS 94

"Default Provisions"

Governing Documents

  • Declaration / CC&Rs
  • Plat
  • Articles of Incorporation
  • Bylaws
  • Rules, Regulations & Resolutions

Declaration

  • Description of property
  • Number of votes per Lot
  • Assessment authority
  • Architectural controls
  • Use restrictions
Photo by stewie811

Plat

Meanings of Majority

  • "Majority of those present at a meeting where a quorum is established"
  • "Majority of those voting"
  • "Majority of all owners"

Contents of Bylaws

Method of Calling Meetings

  • Board
  • Annual
  • Special
  • Committee
Photo by Samuel Zeller

Quorum Requirement

Board Meetings & Owner Meetings

Election and Number of Directors

  • Resignations
  • Vacancies
  • Removal

Officers

  • Difference between officers & directors
  • Officer positions
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Powers & Duties of Board

  • Adopt rules
  • Employee staff
  • Record keeping
  • Maintain common areas
  • Maintain insurance

Preparation & Adoption of Budget

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Insurance

  • Property
  • Liability
  • Directors & Officers
  • Fidelity

Collection of Assessments

  • Due date
  • Interest & late fees
  • Lien rights
  • Foreclosure
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Method of Amending

  • Review proposed amendment
  • Explain purpose
  • Vote (electronically or by mail)
  • Sign and record
Photo by Josh Kenzer