Part 1, Management Flashcards
0
Q
General state statues
A
Apply to associations are the regular corporate or not for profit statues
1
Q
Types of community associations
A
Planned
Condominium
Cooperative
2
Q
Specific state statue
A
Apply to a certain type of community assoc and takes precedence over a general statue and over the governing docs.
3
Q
Uniform state statues
A
To standardize specific state statues.
4
Q
Hierarchy of authority
A
- Federal statues, regulations and court decisions
- State statues, regulations and court decisions
- Local county/ city, regulations and court decisions
- Plats
- Decs, CCR’s
- Articles
- By laws
- Resolutions
- Rules
5
Q
Benefits of using a resolution
A
Provides a thorough approach to making rules, consistency, is a formal record of all rules made.