(B) This chapter applies only with respect to events and circumstances occurring after December 31, 2015, and does not invalidate existing provisions of the declaration, bylaws, or plats and plans, or amendments thereto, of those communities. (C) This chapter does not apply to communities or lots located outside this State. Section 273030. As used in this section: (1) or ‘Association’ ‘owner’s association’ means an incorporated entity: (a) developed to manage and maintain a community; and (b) with a voting membership of persons owning a lot within a community who are required by the governing documents to pay assessments to the does not include a association. An ‘association’ vacation time sharing plan organized and subject only to the provisions of Chapter 32 of this title. (2) means the representative body designated in the ‘Board’ governing documents to act on behalf of the association and govern the association. (3) means the South Carolina Real Estate ‘Commission’ Commission, created by Section 405710. (4) means any real estate within a community ‘Common area’ owned or leased by the association, other than a lot, or designated as common area on any plat of the subdivision or in the declaration and general common elements and limited common elements as defined in the Horizontal Property Act. (5) means expenditures made by or ‘Common expenses’ financial liabilities of the association, together with any budgeted reserves. (6) means real estate with respect to which any ‘Community’ person, by virtue of of a lot, is expressly that person’s ownership obligated by a declaration or master deed mandatory membership in an association and to pay common expenses to maintain, improve, or benefit other lots or other real estate described in the declaration. For purposes of this of a does not include chapter, ‘ownership lot’ holding a leasehold interest. (7) means any person or group of persons and their ‘Declarant’ successors and assigns acting in concert who: (a) as part of a common promotional plan, offers to dispose of the or in a lot not previously disposed person’s group’s interest of; or (b) reserves or succeeds to any declarant right. There may be more than one declarant in a community.
(B) This chapter applies only with respect to events and circumstances occurring after December 31, 2015, and does not invalidate existing provisions of the declaration, bylaws, or plats and plans, or amendments thereto, of those communities. (C) This chapter does not apply to communities or lots located outside this State. Section 273030. As used in this section: (1) ‘Association’ or ‘owner’s association’ means an incorporated entity: (a) developed to manage and maintain a community; and (b) with a voting membership of persons owning a lot within a community who are required by the governing documents to pay assessments to the association. An ‘association’ does not include a vacation time sharing plan organized and subject only to the provisions of Chapter 32 of this title. (2) ‘Board’ means the representative body designated in the governing documents to act on behalf of the association and govern the association. (3) ‘Commission’ means the South Carolina Real Estate Commission, created by Section 405710. (4) ‘Common area’ means any real estate within a community owned or leased by the association, other than a lot, or designated as common area on any plat of the subdivision or in the declaration and general common elements and limited common elements as defined in the Horizontal Property Act. (5) ‘Common expenses’ means expenditures made by or financial liabilities of the association, together with any budgeted reserves. (6) ‘Community’ means real estate with respect to which any person, by virtue of that person’s ownership of a lot, is expressly obligated by a declaration or master deed mandatory membership in an association and to pay common expenses to maintain, improve, or benefit other lots or other real estate described in the declaration. For purposes of this chapter, ‘ownership of a lot’ does not include holding a leasehold interest. (7) ‘Declarant’ means any person or group of persons and their successors and assigns acting in concert who: (a) as part of a common promotional plan, offers to dispose of the person’s or group’s interest in a lot not previously disposed of; or (b) reserves or succeeds to any declarant right. There may be more than one declarant in a community.
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