Laserfiche WebLink
SECTION 4 <br />ASSOCIATION MEMBERSHIP: RIGHTS AND OBLIGATIONS <br />Membership in the Association, and the allocation to each Unit of a portion of the <br />votes in the Association and a portion of the Common Expenses of the Association, shall <br />be governed by the following provisions: <br />4.1 Mem_ bed, Each Owner shall be a Member solely by reason of owning a <br />Unit, and the membership shall be transferred with the conveyance of the Owner's <br />interest in the Unit. An Owner's membership shall terminate when the Owner's <br />ownership terminates. When more than one Person is an Owner of a Unit, all such <br />Persons shall be Members, but multiple ownership of a Unit shall not increase the voting <br />rights allocated to such Unit nor authorize the division of the voting rights. <br />4.2 Votine and Common Expenses. Each Unit is assigned one vote. Common <br />Expense obligations (subject to Section 6.4) are allocated equally among the Units, with <br />each Unit being allocated 1/47a' of the Common Expense obligations. Said rights and <br />obligations shall be automatically reallocated on the same basis among all Units as and if <br />additional Units are added to the Property. <br />4.3 Appurtenant Rights and Obli ations. The ownership of a Unit shall <br />include the voting rights and Common Expense obligations described in Section 4.2. Said <br />rights and obligations, and the title to the Units, shall not be separated or conveyed <br />separately, and any conveyance, encumbrance, judicial sale or other transfer of any <br />allocated interest in a Unit separate from the title to the Unit shall be void. The allocation <br />of the rights and obligations described in this Section may not be changed, except in <br />accordance with the Governing Documents and the Act. <br />4.4 Authority to Vote. The Owner, or some natural person designated to act <br />as proxy on behalf of the Owner, and who need not be an Owner, may cast the vote <br />allocated to such Unit at meetings of the Association. However, if there are multiple <br />Owners of a Unit, only the Owner or other Person designed pursuant to the provisions of <br />the Bylaws may cast such vote. The voting rights of Owners are more fully described in <br />Section 3 of the Bylaws. <br />SECTION 5 <br />ADMINISTRATION <br />The administration and operation of the Association and the Property, including <br />but not limited to the acts required of the Association, shall be governed by the following <br />provisions: <br />5.1 General. The operation and administration of the Association and the <br />Property shall be governed by the Governing documents, the Rules and Regulations, and <br />6 <br />