05/07/91 - Laserfiche WebLink

Home

' Section 1.1, Paragraph 1, and shall be held, transferred, sold, used, conveyed and occupied subject to this Declaration. There is no Common Property contained within the Property. Section 2.2 Transfer of Lots. %]ne lots shall be freely transferable in accordance with the applicable laws of the State of Minnesota and the provisions of the Governing Documents; provided, that the share of an Owner in the assets of the Association, and the Owner's rights and obligations as a member of the Association cannot be assigned, pledged, encumbered, conveyed or transferred in any manner, except as an appurtenance to his or her lot. ARTICLE III MEMBERSHIP AND VOTING RIGHTS IN THE ASSOCIATION Section 3.1Membershio. The qualifications of members and the manner of their admission into the Association shall be as follows: Every owner shall, solely by virtue of such ownership interest, be a member of this Association, and such membership shall automatically cease when the person is no longer an Owner. When one or more persons is an Owner, all such persons shall be members. It shall be the duty of each Owner (or Occupant if the Owner is not occupying the house) to register his name, his Lot address, the name and address oz his First Mortgagee, and ~he nature of his interest with the Secretary of the Association. If the Owner does not so register, the Association shall be under no duty to recognize his o~ership for purposes of relating to the ooera~ion, of the Association, inciud~.no~ voting, but such failure to register shall not relieve the Owner of his obligations under the Governing Documents. Membership Ln the association is appurtenant to ownership of a Lot, and transfers of any interest of any