Examples of HOA Act in a sentence
However, pursuant to the Indiana Homeowners Association Act (hereafter, the “HOA Act”), the Association is not required to make available for inspection to a membership any records that were created more than two (2) years before the request (or for such different timeframe set forth in the HOA Act as it may be amended in the future).
The Association shall maintain the roster and other information regarding the Members and make such information available to the Membership as required under Section 32-25.5-3-1 of the HOA Act.
The express language of the HOA Act authorizes the governing body of a HOA to take enforcement action to collect delinquent assessments and charges owed by the individual lot owners within the development.
The Board of Directors shall prepare and adopt an annual budget consistent with the requirements and procedures of Section 32-25.5-3-3 of the HOA Act and Section 5.4 of the Declaration.
The HOA Act defines the “declaration” as: “an instrument, however denominated, recorded among the land records of the county in which the property of the declarant is located, that creates the authority for a homeowners association to impose on lots or on the owners or occupants of lots, .
Proxies must be in writing and filed with the secretary of the Association prior to the appointed time of each meeting or action taken and shall comply with the requirements of Section 32-25.5-3-10 of the HOA Act.
Without limiting the generality of the forgoing, a special meeting of the Members may be called by Members possessing at least ten percent (10%) of the voting power of the Association, upon delivery to the Board of Directors of a request in writing for a meeting of the Members as required under Section 32-25.5- 3-2 of the HOA Act.
The HOA Act applies to the sale of lots that are subject to a declaration of a HOA.
Mr. Kissam’s pay mix for 2017 included a base salary below market median, and a target bonus percentage above market median at 125%.
In the case of any conflict between the By-Laws and the HOA Act, the HOA Act shall control.