The governing documents for Lake Arbor HOA explain the rights and responsibilities for each Owner and identify the rules each Owner must abide by. They also provide the Board of Directors a construct for operating a homeowners association and establish Lake Arbor HOA as a legal entity.
Lake Arbor HOA is registered in good standing with the Colorado Secretary of State’s office.
The Articles of Incorporation serve as the Association’s constitution and is the primary legal document of Lake Arbor. The articles are filed with the Secretary of the State of Colorado and establish the corporation (Lake Arbor Homeowners Association) as a legal entity. The articles contain basic information on the corporation as required by state law.
Certificate of Good Standing provides the status of an entity’s right to transact business in Colorado.
The Declaration of Covenants, Conditions, and Restrictions is similar in function to a municipal charter in that it is the “law of the land.” This document establishes the legal relationship that exists between the owners and their Association. It also establishes the authority for the Board of Directors to manage the affairs of the Association.
Covenant documents are specific to each of Lake Arbor’s eight filings. The covenant documents are similar except for the filing dates. If you are unsure which district you reside in, check the District Map. The electronic copy available here is for information purposes only. The copy you received at your closing is the legally binding document.
The Bylaws are a manual of operating procedures and adopted by an Association for the government of its members and the regulation of its affairs. It includes requirements for the Annual Meetings, election of Board members, Board meetings, duties of officers, and many other items pertaining to the actual mechanics of management of the Association’s affairs.