Oregon Revised Statutes Chapter 94 § 94.625 — Formation of homeowners association; adoption of initial bylaws; amendment of

Formation of homeowners association; adoption of initial bylaws; amendment of bylaws. (1) Except as provided in subsection (2) of this section, not later than the date on which the first lot in the planned community is conveyed, the declarant shall: (a) Organize the homeowners association as a nonprofit corporation under ORS chapter 65; (b) Adopt, on behalf of the association, the initial bylaws required under ORS 94.635 to govern the administration of the planned community; and (c) Record the bylaws in the office of the recording officer of each county in which the planned community is located. (2) If the plat contains a conveyance of any property to the homeowners association, the declarant shall organize the homeowners association as a nonprofit corporation under ORS chapter 65 before the plat is recorded. (3)(a) The board of directors of an association of a planned community created under ORS 94.550 to 94.783 before January 1, 2002, or a planned community described in ORS