Laserfiche WebLink
201807442 <br />suffered or claimed on account of any act, omission, error, or negligence in the discharge of such <br />person's duties and responsibilities under the Community Documents, provided such person <br />acted in good faith. <br />7.11 Implied Rights. <br />The Association may exercise any right or privilege expressly given to the Association by <br />the Community Documents, and every other right or privilege reasonably implied by the <br />existence of any right or privilege given to the Association by the Community Documents or <br />reasonably necessary to effectuate any such right or privilege. <br />7.12 Identity of Members. <br />The members of the Association shall be the Owners of the Lots. All Owners of Lots <br />shall be mandatory members of the Association. An Owner of a Lot shall automatically, upon <br />becoming the Owner thereof, be a member of the Association and shall remain a member of the <br />Association until such time as his ownership ceases for any reason, at which time his <br />membership in the Association shall automatically cease. <br />7.13 Classes of Members and Voting Rights. <br />The Association shall have the following two classes of voting membership: <br />Class A. Class A Members are all Owners, with the exception of the Declarant and <br />the Designated Builders until the termination of the Class B Membership. Each Class A <br />member shall be entitled to one (1) vote for each Lot owned. Upon the termination of the <br />Class B Membership, the Declarant and the Designated Builder shall be Class A <br />Members so long as they own any Lot. <br />Class B. The Class B Members shall be the Declarant and the Designated Builders. <br />The Declarant and each Designated Builder shall be entitled to five (5) votes for each Lot <br />owned. The Class B Membership shall terminate and be converted to Class A <br />Membership within one hundred twenty (120) days after the date on which the votes held <br />by Class A Members exceed the votes held by the Class B Members. The Declarant or a <br />Designated Builder may at any time voluntarily relinquish its Class B Membership by <br />giving written notice thereof to the Association. <br />7.14 Voting Procedures. <br />No change in the ownership of a Lot shall be effective for voting purposes unless and <br />until the Board is given actual written notice of such change and is provided satisfactory proof <br />thereof The vote for each such Lot must be cast as a unit, and fractional votes shall not be <br />allowed. In the event that a Lot is owned by more than one person and such Owners are unable <br />to agree among themselves as to how their vote or votes shall be cast, they shall lose their right <br />to vote on the matter in question. If any Member casts a vote representing a certain Lot, it will <br />thereafter be conclusively presumed for all purposes that he was acting with the authority and <br />consent of all other Owners of the same Lot unless objection thereto is made at the time the vote <br />Page 43 of 67 <br />