Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the RiverBay Homeowners Association and who controls it?

April 26, 2017Association controls homeowners riverbay

0

Posted

What is the RiverBay Homeowners Association and who controls it?

1 Answer

0

Posted

RiverBay Homeowners Association, Inc. is a non-profit corporation. RiverBay owners are considered Class A members and shall be entitled to one vote for each lot owned. The Developer is a Class B member and is entitled to three votes for each lot owned. Class B membership will cease and be converted to Class A membership when the total votes in Class A equals the total votes in Class B (when 75% of the homes are sold). The directors of the Association are elected annually and they elect Association officers.