Although a nonprofit corporation does not have to file an annual report, its members do have statutory inspection rights similar to those of the shareholders of a business corporation. Rarely, however, do members or the board...more
The Board of Directors for a Community Association functions in a very similar capacity as the Board of a standard corporation.
Approximately 95% of all decisions to be made on behalf of a Community Association will be...more
Congratulations!
You just purchased your first home in a planned community and became a member of a community association...
So now what? You have automatically become a member of the association within your...more
Most community associations, at least annually, are faced with action items requiring a vote of their membership. For example, community association membership participation is necessary on an annual basis to elect the Board...more
There are approximately 14,000 planned communities located throughout North Carolina, but very few of the nearly 3 million residents of such communities have a clear understanding of what the heck the community association...more