|
GOVERNING
DOCUMENTS Listed below are the governing documents
of Silver Point.
Condominium Act
This is the statute law of the Bahamas. It reins supreme
over all the other documents.
Declaration of Condominium
The rights and responsibilities of each owner of Silver Point, as
well as the association.
Rules & Regulations
A compilation of laws and resolutions passed by unit owners at
general meetings. This booklet is binding on all unit owners
and the Board of Directors.
Consent Order
The Consent Order purported to enact new rules by agreement
between the BOD and Mr. Metaxides. It has been purportedly
overridden by the Amended Consent Order, though the authority of the
court to do so is being challenged in the current lawsuit.
Amended Consent Order
The Amended Consent Order purports to enact new rules binding on
unit owners. The only parties that have agreed to these rules
are Mr. Metaxides and the four members of the Board of Directors.
No other owners have given their consent. The Order is
currently not in effect, due to a stay of enforcement agreed to by
the BOD at the end of the Injunction Hearings. If it is found
to be valid, then it will be binding on all unit owners. If it
is found to be illegal, it will be stricken from the record and will
have no effect on the unit owners.
MORE
INFORMATION
See our Frequently Asked Questions for more
information about how your rights and your finances may be affected
by the outcome of the action. Anything you don't see, you are
always welcome to ask
us. |
