ORS § 94.600

Current through 2024 Regular Session legislation effective March 27, 2024
Section 94.600 - Declarant control of association
(1) Subject to ORS 94.604 to 94.621, a declaration may reserve special declarant rights including, without limitation, the right to a period of declarant control that may be of limited or unlimited duration. A formal or written proxy or power of attorney is not required from an owner to vest the declarant with such authority.
(2) A declarant may voluntarily relinquish any rights reserved in the declaration under subsection (1) of this section.
(3) Upon the expiration of any period of declarant control reserved in the declaration under subsection (1) of this section, the rights automatically shall pass to the lot owners, including the declarant if the declarant owns a lot in the planned community.
(4) A declarant may not amend a declaration to increase the scope of special declarant rights reserved in the declaration after the sale of the first lot in the planned community unless owners representing 75 percent of the total vote, other than the declarant, agree to the amendment.

ORS 94.600

1981 c.782 §11; 1999 c.677 §8