(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. [1981 c.782 §11; 1999 c.677 §8]Section: Previous 94.570 94.572 94.575 94.580 94.585 94.590 94.595 94.600 94.604 94.605 94.609 94.610 94.615 94.616 94.620 Next
Last modified: August 7, 2008