What is the process for amending the condo association bylaws?

The process for amending the condo association bylaws in North Carolina requires several steps that involve both the condo association members and the board of directors. First, the board of directors must draft and present an amendment to the association members. This amendment must be approved by at least two-thirds of the members. If the amendment is approved, the board of directors will need to hold a meeting to officially amend the bylaws. The amendment must be agreed upon by at least two-thirds of the board of directors. If the amendment is approved, the board of directors must draft and present the amendment to the North Carolina Commissioner of Banks. The final step in the amending process is for the Commissioner of Banks to approve the amendment. If the amendment is approved, the condo association bylaws will be officially amended. It is important to note that any amendment must comply with the North Carolina Condominium Act. This act includes regulations concerning the rights and obligations of all condo associations in North Carolina.

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What is the process for amending the condo association bylaws?

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