Transcription of PROPERTY CODE TITLE 11. RESTRICTIVE COVENANTS ... - Texas
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PROPERTY CODE TITLE 11. RESTRICTIVE COVENANTS ... - Texas
PROPERTYCODETITLE11. be citedas Acts2001,77thLeg.,ch. 926, , , thischapter:(1)AA"Assessment"meansa regularassessment,specialassessment,or otheramounta propertyowneris requiredto pay apropertyowners associationunderthe dedicatoryinstrumentor bylaw.(2)AA"Board"meansthegoverningbodyo f a propertyowners association.(3)AA"Declaration"meansan instrumentfiledin therealpropertyrecordsof a countythatincludesrestrictivecovenantsgo verninga residentialsubdivision.(4)AA"Dedicatoryi nstrument"meanseachgoverninginstrumentco veringthe establishment,maintenance,and operationof a restrictivecovenants,bylaws,or similarinstrumentsgoverningtheadministra tionoroperationof a propertyowners association,to properlyadoptedrulesand regulationsof the propertyowners association,and toalllawfulamendmentsto thecovenants,bylaws,rules,orregulations.
Texas Real Estate Commission as required by this section. (f)AAFor purposes of this section, "bona fide purchaser" means: (1)AAa person who pays valuable consideration without notice of outstanding rights of others and acts in good faith; or (2)AAa third-party lender who acquires a security interest in the property under a deed of trust.
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