Co-Owner Consent of Material changes Sample Clauses

Co-Owner Consent of Material changes. Except as otherwise specifically provided in this Master Deed or Bylaws, the Condominium Subdivision Plan may be amended, even if the amendment will materially alter or change the rights of the Co-Owners or mortgagees, with the consent of not less than 2/3 of the votes of the Co-Owners and mortgagees. A mortgagee shall have one vote for each mortgage held. The 2/3 majority required in this Section may not be increased by the terms of the Condominium Documents, and a provision in any Condominium Document that requires the consent of a greater proportion of Co-Owners or mortgagees for the purpose described in this Section is void and is superseded by this Section. For purposes of this Section, the affirmative vote of a 2/3 of Co- Owners means 2/3 of all Co-Owners entitled to vote as of the recorded date for those votes.
Sample 1
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Related to Co-Owner Consent of Material changes

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