Executive board members and officers
- Statute:
- North Carolina §47F-3-103 · Chapter 47F (North Carolina Planned Community Act)
- Topic:
- Governance · Board, budget ratification, declarant control
- Applies to:
- HOA associations
Officers and board members must discharge their duties in good faith and meet the Chapter 55A director and officer standards. Within 30 days after the board adopts a proposed budget, it must send every lot owner a summary and a notice of the ratification meeting, which is 10 to 60 days after mailing. No quorum is required; the budget is ratified unless a majority of all lot owners rejects it. Not later than the end of declarant control, the owners elect a board of at least three members, a majority of whom must be lot owners. Owners may remove a non-declarant board member by majority of those present at a quorate meeting.
📄 Read the official text at ncleg.gov →
How SoShiny helps with Executive board members and officers
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does North Carolina §47F-3-103 require?
- Officers and board members must discharge their duties in good faith and meet the Chapter 55A director and officer standards. Within 30 days after the board adopts a proposed budget, it must send every lot owner a summary and a notice of the ratification meeting, which is 10 to 60 days after mailing. No quorum is required; the budget is ratified unless a majority of all lot owners rejects it.
- Who does North Carolina §47F-3-103 apply to?
- North Carolina §47F-3-103 applies to HOA associations in North Carolina.
- What happens if our HOA doesn't comply with §47F-3-103?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for North Carolina community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of North Carolina §47F-3-103?
- The official text is published by the North Carolina General Assembly at ncleg.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Executive board members and officers?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of North Carolina §47F-3-103 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a North Carolina-licensed attorney. For the official statutory text, see the link above.
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