These Bylaws provide for the governance of the Lexington Subdivision HOA (“Association”), a corporation organized under the Washington Nonprofit Corporations Act, chapter 24.03 RCW (“Nonprofit Act”), to be the Owners’ association for Lexington Subdivision HOA (the “Community”), created pursuant to the Washington Uniform Common Interest Ownership Act, chapter 64.90 RCW (“Act”) and the Declaration of Covenants, Conditions and Restrictions for the Community, recorded in King County, Washington, as it may from time to time be amended (“Declaration”). Capitalized terms used herein and not otherwise defined have the meaning given to them in the Declaration or the Act, as applicable.

 

 

Section 1.1 Membership.

Section 1.2 Number of Votes.

Section 1.3 Association-Owned Units.

Section 1.4 Persons Under Disability.

Section 1.5 Voting Representative.

Section 1.6 Votes Pledge to a Mortgagee.

Section 1.7 Register of Members.

Section 1.8 Manner of Voting.

Section 1.9 Voting at a Meeting.

Section 1.10 Voting by Multiple Owners at a Meeting.

Section 1.11 Voting by Absentee Ballot at a Meeting.

Section 1.12 Voting by Proxy; Pledged Votes to Mortgagee.

Section 1.13 Voting Without a Meeting.

Section 1.14 Voting by Lessees.

Section 1.15 Manner of Acting.

 

Section 2.1 Place.

Section 2.2 Annual Meeting.

Section 2.3 Budget Meeting.

Section 2.4 Special Meetings.

Section 2.5 Notice of Meetings.

Section 2.6 Quorum.

Section 2.7 Adjournment of Meetings.

Section 2.8 Order of Business.

Section 2.9 Parliamentary Authority.

Section 2.10 Action of Members by Communications Equipment.

Section 2.11 Presumption of Assent.

Section 2.12 Minutes.

 

Section 3.1 Number.

Section 3.2 Term.

Section 3.3 Qualifications.

Section 3.4 Vacancies.

Section 3.5 Removal of Directors and Officers by Owners.

Section 3.6 Removal of Directors and Officers by the Board.

Section 3.7 Compensation.

Section 3.8 Organization Meeting.

Section 3.9 Board Meetings During Declarant Control.

Section 3.10 Board Meetings After Declarant Control.

Section 3.11 Notice of Board Meetings.

Section 3.12 Waiver of Notice.

Section 3.13 Quorum.

Section 3.14 Voting by Proxy or Ballot.
Section 3.15 Presumption of Assent.

Section 3.16 Board Packets.

Section 3.17 Open Meetings.

Section 3.18 Executive Sessions.

Section 3.19 Participation by Communications Equipment.

Section 3.20 Meetings by Communications Equipment.

Section 3.21 Board Action by Written Consent.

Section 3.22 Minutes.

Section 3.23 Standard of Care for Directors.

Section 3.24 Power and Duties of the Board.

Section 3.25 Limitations on Board’s Authority.

 

Section 4.1 Designation.

Section 4.2 Election of Officers.

Section 4.3 Removal of Officers.

Section 4.4 President.

Section 4.5 Vice President.

Section 4.6 Secretary.

Section 4.7 Treasurer.

Section 4.8 Other Officers and Employees.

Section 4.9 Compensation.

Section 4.10 Vacancies.

 

Section 5.1 Committees of Directors.

Section 5.2 Limitation on Committees.

 

Section 6.1 Accounts.

Section 6.2 Working Capital Account.

Section 6.3 Replacement Reserve Account.

Section 6.4 Deposit or Investment of Funds.

 

Section 7.1 Fiscal Year.

Section 7.2 Contracts.

Section 7.3 Checks, Drafts, Etc.

Section 7.4 Books and Records.

Section 7.5 Copies of Resolutions.

Section 7.6 A Director’s Inspection Rights.

Section 7.7 Right to Copy and Make Extracts.