Agenda - Council - 07/28/1987 - Laserfiche WebLink

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- 4 - used, conveyed and occupied subject to this Declaration. The Common Property is legally described in Secton 1.1, Paragraph d, and shall be conveyed to the Association at or prior to the time of conveyance of the first Lot to an Owner. Section 2.2 Transfer of Lots. The 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 3.1 Membership. The qualifications of members and the manner of their admission into the Association shall be as fol lows: 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 occupyLng the house) to register his name, his Lot address, the name and address of his First Mortgagee, and the 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 ownership for purposes of relating to the operation of the Association, including voting, but such failure to register shall not relieve the Owner of his obligations under the Governing Documents. Membership in the association is appurtenant to ownership of a Lot, and transfers of any interest of any