Condos supply conveniences that townhomes and single family houses do not. B. If the condominium instruments provide that any officer or officers must be unit owners, then notwithstanding the provisions of subsection (a) of ยง 55-79.50 , the time period “unit owner” in such context shall, unless the condominium devices otherwise provide, be deemed to incorporate, without limitation, any director, officer, companion in, or trustee of any particular person which is, either alone or at the side of another person or persons, a unit proprietor.
Except to the extent in any other case provided in the condominium instruments, any proxy shall be void if it’s not dated, or if it purports to be revocable without notice as aforesaid. No condominium shall come into existence except by the recordation of condominium devices pursuant to the provisions of this chapter.
C. Each merger or consolidation settlement shall provide for the reallocation of the allocated pursuits within the new unit house owners’ association among the many models of the resultant condominium both (i) by stating the reallocations or the formulation upon which they’re primarily based or (ii) by stating the percentage of the general allotted pursuits of the condominium which might be allotted …
