IC 32-25.5-3 – Homeowners Associations | Midpage

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Indiana Code

Chapter 3

IC 32-25.5-3

Homeowners Associations

1Roster of members; member addresses 2Special meetings 3Annual budget; budget meeting; budget approval; records available to members; right of members to attend board meetings; communications not subject to disclosure; records retention; prohibited fees 3.1Homeowners association established before July 1, 2026; adoption of annual budget for ensuing year; allowable amount; exemption not applicable if governing documents amended or renewed 3.2Failure to achieve quorum at annual budget meeting during first five years after first sale of lot or unit by developer; adoption of annual budget for ensuing year; allowable amount; express provisi 3.3Failure to achieve quorum at annual budget meeting after expiration of fifth year after first sale of lot or unit by developer; adoption of annual budget for ensuing year; allowable amount; express 3.5Homeowners association distributing water or sewer service; not considered public utility 4Approval of certain contracts; meeting; vote 5Borrowing money; approval by members 6Repealed 7Member voting rights 8Repealed 9Amending governing documents; consents required 10Member meeting proxies; requirements; retention; methods of submission 11Meeting to appoint or elect board members; failure to achieve quorum; authority to enforce governing documents; voting eligibility 12Fine for member's violation of covenant; schedule of fines; amending or repealing schedule of fines; notice to member of violation and fine; other remedies not waived