THE ASSOCIATION: THE
Section 5.01. Organization.
The Association is or shall be a nonprofit
B. Board of Directors and Officers. The affairs of the Association shall be conduced by the Board of Directors and such officers and committees as the Board may elect or appoint, in accordance with the Articles and Bylaws, as same may be amended from tine to time. The composition the Board shall be defined in the Bylaws.
C. Personal Liability. No member of the Board or any Committee of the Association or any officer or employee of the Association, or the Declarant shall be personally liable to any Owner or to any other party, including the Association, for any damage, loss or prejudice suffered or claimed on account of any act, omission, error or negligence of the Association, the Board, or any representative or employee of the Association, or any Committee or any officer of the Association, provided that such person has, upon the basis of such information as may be possessed by him, acted in good faith, without willful or intentional misconduct.
Section 5.02. Membership.
A. Qualification. Each Owner of a
of Membership. Membership of each Owner (including Declarant) in the
Association shall be appurtenant to the