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HomeMy WebLinkAbout1909 (4) Failure to give notice. If the above required notice to the Association is not qiven, then at any time after receivinq knowledge of a transaction or event transferri~ng ownership or possession of a unit, the Association at its election and without notice may approve or disapprove the transaction or ownership. If the Association disapproves the transaction or owner- ship, the Association shall proceed as if it had received the re- quired notice on the date of such disapproval. (b) Certificate of approval. (1) Sale. If the proposed transaction is a sale, then within thirty days after receipt of such notice and in- ~ formation the Association must either approve or disappro~e the proposed transaction. If approved, the approval shall be stated in ~ a certificate executed by the president and secretary of the Associa- tion, which shall be recorded in the public records of St.~Lucie County, Florida, at the expense of the purchaser. (2) Lease. If the proposed transaction is a lease, then within thirty days after receipt of such notice and information the Association must eitlier approve or disapprove the proposed transaction. If approved, the approval shall be stated in a certificate executed by the president and secretary of the Asso- ~ ~ ciation in recordable form, which, at the election of the Association, ; ~ shall be delivered to the lessee or shall be recorded in the public ~ records of St. Lucie County, Florida, at the expense of the lessee. ~ - (3) Gift; devise or inheritance; other transfers. If the unit owner qiving notice has acquired his title by gift, devise, ~ ~ or inheritance or in any other manner, then within thirty days after ~ r i t f such notice and information the Association must either ~ ece p o m t approve or disapprove the continuance of the unit owner's ownership ~ ~ ~ of his unit. If approved, the approval shall be stated in a certificate. ~ E ~ executed by the president and secretary of the Association, which sha1Z € ~ be recorded in the public records of St. Lucie County, Florida, at the ~ ~ expense of the unit awner. ~ . -1?- ~ ~ ~ ~ ~ ac ~'x~_-r~ - _ _ . . _ . . . ` .~;-r.~ ~s..~Y.~. = - s~z '~'~'y;~r~ . r'~ ~ ~~7~ »+`~.'~r~r: _ ~ _ . _