LegalFix
Sign In

Section 27-30-140. Annual budget increases; notice requirements.

SC Code § 27-30-140 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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.

HISTORY: 2018 Act No. 245 (H.3886), Section 1, eff May 17, 2018.

Previous Section
Section 27-30-130. Enforceability of governing documents; recording requirements; rules, regulations, and amendments.
Next Section
Section 27-30-150. Application of access to documents provisions.