Construction and validity of declaration and bylaws - 68 Pa. Cons. Stat. § 4203
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Pennsylvania Statutes
§ 4203. Construction and validity of declaration and bylaws.
(a) Provisions severable.--All provisions of the declaration
and bylaws are severable.
(b) Application of rule against perpetuities.--The rule
against perpetuities may not be applied to defeat any provision
of the declaration, bylaws or rules and regulations adopted
pursuant to section 4302(a)(1) (relating to powers of
association).
(c) Conflict between declaration and bylaws.--In the event
of a conflict between the provisions of the declaration and the
bylaws, the declaration prevails except to the extent the
declaration is inconsistent with this subpart.
(d) Effect of noncompliance on title to unit.--Title to a
cooperative interest is not rendered unmarketable or otherwise
affected by reason of an insubstantial failure of the
declaration to comply with this subpart. Whether a substantial
failure impairs marketability is not affected by this subpart.
Cross References. Section 4203 is referred to in section
4102 of this title.
Section: 4109 4110 4111 4112 4113 4201 4202 4203 4204 4205 4206 4207 4208 4209 4210
Last modified: November 27, 2007
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