Association of Unit Owners; Management of Property; Encumbrances; Conveyances | Midpage

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Oregon Revised Statutes

Association of Unit Owners; Management of Property; Encumbrances; Conveyances

Association of Unit Owners; Management of Property; Encumbrances; Conveyances

100.405Association of unit owners; powers; granting of interest in common elements; dispute resolution 100.407Annual and special meetings of association 100.408Quorum for meeting of association 100.409Rules of order 100.410Adoption of bylaws; amendment 100.411Restated bylaws 100.413Approval of amended or restated bylaws 100.415Contents of bylaws 100.416Criteria for board of directors membership 100.417Board of directors of association; powers and duties 100.418Receivership for failure of association to fill vacancies on board of directors 100.419Assent of director to board action 100.420Board meetings; executive sessions 100.423Electronic notice to owner or director 100.425Use of written ballot for approving or rejecting matters subject to meeting of unit owners; procedures; exceptions 100.427Methods of voting 100.428Electronic ballot 100.430Unit deeds; contents 100.435Insurance for individual units and common elements; fidelity bond 100.440Liens against property; removal from lien; effect of part payment 100.445Independent default clauses; option to purchase fee simple interest 100.450Association lien against individual unit; recording notice of claim; foreclosure; effect of judgment and payment; priority of lien 100.460Foreclosure against unit; receiver for unit; power of board of directors to bid at foreclosure sale 100.465Circumstances in which deed in lieu of foreclosure extinguishes lien 100.470Lien foreclosure; other legal action by declarant, association or owner; attorney fees 100.475Personal liability for assessment; joint liability of grantor and grantee following conveyance; limitation 100.480Maintaining documents and records; annual financial statement; review of financial statement by certified public accountant; availability of documents and records for examination 100.481Application of ORS 100.480 100.483Annual budget; distribution of budget summary to owners 100.485Duration and termination of initial management agreements and service and employment contracts; applicability of federal condominium law 100.490Notice to unit owners of intent to commence legal proceedings; unit owner right to opt out; meeting required prior to construction defect claim; meeting notices