PROPERTY SUBJECT TO HOMEOWNERS ASSOCIATION GOVERNANCE. Be it enacted by the General Assembly of the State of South Carolina: SECTION 1. Title 27 of the 1976 Code is amended by adding: 30 “CHAPTER Homeowners Associations Article 1 The South Carolina Homeowners Association Act Section 2730110. This article may be cited as the ‘South Carolina Homeowners Association Act’. Section 2730120. As used in this article: (1) means the representative body, regardless of name, ‘Board’ designated in the governing documents to act on behalf of a homeowners association and govern the association. (2) means the South Carolina Real Estate ‘Commission’ Commission, created by Section 405710. (3) means budgets, expenditures, debts, ‘Financial information’ and debtors of a homeowners association. (4) means any documents: ‘Governing documents’ (a) establishing a homeowners association and governing its management or operation; (b) providing for the duties and obligations of the board, the association, and the homeowners; (c) creating or imposing assessments, fees, or fines by the board or the association on the homeowners; and (d) including, but not limited to, the master deed or master lease, covenants, conditions, and restrictions, declarations, articles of incorporation, bylaws, rules and regulations, and any amendments thereto. (5) means a declarant or other person who owns ‘Homeowner’ a unit in a homeowners association, but does not include a person having an interest in such a unit solely as security for an obligation. (6) or means an entity ‘Homeowners association’ ‘association’ developed to manage and maintain a planned community or
PROPERTY SUBJECT TO HOMEOWNERS ASSOCIATION GOVERNANCE. Be it enacted by the General Assembly of the State of South Carolina: SECTION 1. Title 27 of the 1976 Code is amended by adding: “CHAPTER 30 Homeowners Associations Article 1 The South Carolina Homeowners Association Act Section 2730110. This article may be cited as the ‘South Carolina Homeowners Association Act’. Section 2730120. As used in this article: (1) ‘Board’ means the representative body, regardless of name, designated in the governing documents to act on behalf of a homeowners association and govern the association. (2) ‘Commission’ means the South Carolina Real Estate Commission, created by Section 405710. (3) ‘Financial information’ means budgets, expenditures, debts, and debtors of a homeowners association. (4) ‘Governing documents’ means any documents: (a) establishing a homeowners association and governing its management or operation; (b) providing for the duties and obligations of the board, the association, and the homeowners; (c) creating or imposing assessments, fees, or fines by the board or the association on the homeowners; and (d) including, but not limited to, the master deed or master lease, covenants, conditions, and restrictions, declarations, articles of incorporation, bylaws, rules and regulations, and any amendments thereto. (5) ‘Homeowner’ means a declarant or other person who owns a unit in a homeowners association, but does not include a person having an interest in such a unit solely as security for an obligation. (6) ‘Homeowners association’ or ‘association’ means an entity developed to manage and maintain a planned community or
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