South Carolina § 27-30-140 Annual budget increases; notice requirements.

South Carolina Statutes

§ 27-30-140 — Annual budget increases; notice requirements.

South Carolina·Title 27 PROPERTY AND CONVEYANCES·Ch. 30 HOMEOWNERS ASSOCIATIONS

(1)Before a homeowners association may take action to increase an annual budget in any single year, the homeowners association must provide notice to homeowners at least forty-eight hours in advance of the meeting in which a decision to raise the annual budget is made. Notice of the meeting may be through posting notice:

(a)in a conspicuous place in a common area in the community;

(b)on an Internet website maintained by the homeowners association;

(c)by electronic mail; or (d) through methods provided in the association's bylaws that ensure actual notice.

(2)The provisions of this section do not apply to a homeowners association that is incorporated under the South Carolina Nonprofit Corporation Act found in Chapter 31, Title 33.

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(1) Before a homeowners association may take action to increase an annual budget in any single year, the homeowners association must provide notice to homeowners at least forty-eight hours in advance of the meeting in which a decision to raise the annual budget is made. Notice of the meeting may be through posting notice: (a) in a conspicuous place in a common area in the community; (b) on an Internet website maintained by the homeowners association; (c) by electronic mail; or (d) through methods provided in the association's bylaws that ensure actual notice. (2) The provisions of this section do not apply to a homeowners association that is incorporated under the South Carolina Nonprofit Corporation Act found in Chapter 31, Title 33.

South Carolina § 27-30-140 (Annual budget increases; notice requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.