Bill Summaries: S339 (2013-2014 Session)

  • Summary date: Mar 18 2013 - View summary

    Amends GS 47F-1-104 (Variation) and GS 47F-2-103 (Construction and validity of declaration and bylaws), establishing that, to the point not inconsistent with the chapter, the declaration, bylaws, and articles of incorporations of a planned community form the basis for its legal authority to act as provided and are enforceable according to their terms.

    Amends GS 47F-2-117 (Amendment of Declaration), providing that amendments passed pursuant to the provisions of the section, or the procedures provided for in the declaration, are presumed valid and enforceable. Effective October 1, 2013, applying to any amendment of a planned community declaration recorded on or after that date.