Section 116 - Amendment of governing document.
§ 11B-116. Amendment of governing document.
(a) "Governing document" defined.- In this section, "governing document" includes:
(1) a declaration;
(2) bylaws;
(3) a deed and agreement; and
(4) recorded covenants and restrictions.
(b) Timing of amendment.- Notwithstanding the provisions of a governing document, a homeowners association created before January 1, 1960, may amend the governing document once every 5 years, or more frequently if allowed by the governing document, by the affirmative vote of lot owners having at least two-thirds of the votes in the development, or by a lower percentage if required in the governing document.
[2008, ch. 144, § 2; ch. 145, § 2.]