Title 44. PROPERTY · Chapter 3. REGULATION OF SPECIALIZED LAND TRANSACTIONS · Article 6. PROPERTY OWNERS’ ASSOCIATIONS
44-3-229. Persons deemed to be ‘‘lot owner.’’
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
If the instrument provides that any member of the board of directors or any officer of the association must be a lot owner, then, notwithstanding Code Section 44-3-221, the term ‘‘lot owner’’ in such context shall, unless the instrument otherwise provides, be deemed to include, without limitation, any shareholder, director, officer, partner in, or trustee of any person who is, either alone or in conjunction with any other person or persons, a lot owner. Any individual who would not be eligible to serve as a member of the board of directors or officer were he or she not a shareholder, director, officer, partner in, or trustee of such a person shall be deemed to have disqualified himself or herself from continuing in office if he or she ceases to have any such affiliation with that person.
History
Code 1981, § 44-3-229, enacted by Ga. L. 1994, p. 1879, § 1.
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Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t44-ch1-7-(v31)-2010-pdf.pdf, Volume V31, 2010 edition, pages 318 to 319; merge action: carried; file SHA-256 490191d3dc54.
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