[1] The statute consists of three articles, which respectively cover general provisions, development, and management of planned communities.
Article II also sets 67% as the minimum number of affirmation votes needed to amend the community declaration.
Article III describes the organization, powers, and the duties included within the management of a planned residential community.
Like a corporation, under the North Carolina Planned Community Act, the homeowner association must elect an executive board.
The executive board serves as the voice for the community in matters such as transactions pertaining to the common areas, enforcement of rules, and collection of assessments.
The passage of the North Carolina Planned Community Act illustrates the growing power homeowner associations have gained throughout the year.