Effective - 28 Aug 1983
448.2-120. Master associations. — 1. If the declaration for a condominium provides that any of the powers described in section 448.3-102 are to be exercised by or may be delegated to a profit or not for profit corporation or unincorporated association which exercises those or other powers on behalf of one or more condominiums or for the benefit of the unit owners of one or more condominiums, all provisions of sections 448.1-101 to 448.4-120 applicable to unit owners' associations apply to any such corporation or unincorporated association, except as modified by this section.
2. Unless a master association is acting in the capacity of an association described in section 448.3-101, it may exercise the powers set forth in subdivision (2) of subsection 1 of section 448.3-102 only to the extent expressly permitted in the declarations of condominiums which are part of the master association or expressly described in the delegations of power from such condominiums to the master association.
3. If the declaration of any condominium provides that the executive board may delegate certain powers to a master association, the members of the executive board have no liability for the acts or omissions of the master association with respect to those powers following delegation.
4. The rights and responsibilities of unit owners with respect to the unit owners' association set forth in sections 448.3-103, 448.3-108, 448.3-109, 448.3-110, and 448.3-112 apply in the conduct of the affairs of a master association only to those persons who elect the board of a master association, whether or not such persons are otherwise unit owners within the meaning of sections 448.1-101 to 448.4-120.
5. Notwithstanding the provisions of section 448.3-103 with respect to the election of the executive board of an association, and even if a master association is also an association described in section 448.3-101, the certificate of incorporation or other instrument creating the master association and the declaration of each condominium, the powers of which are assigned by the declaration or delegated to the master association, may provide that the executive board of the master association shall be elected in any of the following ways:
(1) All unit owners of all condominiums subject to the master association may elect all members of that executive board;
(2) All members of the executive boards of all condominiums subject to the master association may elect all members of that executive board;
(3) All unit owners of each condominium subject to the master association may elect specified members of that executive board; or
(4) All members of the executive board of each condominium subject to the master association may elect specified members of that executive board.
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(L. 1983 H.B. 177)
Structure Missouri Revised Statutes
Title XXIX - Ownership and Conveyance of Property
Chapter 448 - Condominium Property
Section 448.005 - Title of law.
Section 448.010 - Definitions.
Section 448.020 - Property submitted to condominium law by declaration.
Section 448.030 - Declaration, contents — amendments.
Section 448.060 - Instrument affecting unit affects ownership of common elements.
Section 448.070 - Common elements to remain undivided — exceptions.
Section 448.090 - Liens, against what — consent, how given.
Section 448.100 - Taxes, assessed and levied against units.
Section 448.110 - Interest acquired by tax deed, subject to what.
Section 448.130 - Insurance proceeds used for reconstruction — reconstruction defined.
Section 448.140 - Insurance proceeds insufficient to reconstruct, effect.
Section 448.160 - Property removed from condominium law, how, effects.
Section 448.170 - Bylaws, amendments.
Section 448.180 - Bylaws, contents.
Section 448.195 - Condemnation proceedings, board of managers to represent all unit owners.
Section 448.200 - Managers to keep records, open to owners.
Section 448.210 - Rule against perpetuities — restraints on alienation.
Section 448.1-101 - Short title.
Section 448.1-102 - Applicability.
Section 448.1-103 - Definitions.
Section 448.1-104 - Variation by agreement.
Section 448.1-105 - Separate titles and taxation.
Section 448.1-106 - Applicability of local ordinances, regulations, and building codes.
Section 448.1-107 - Eminent domain.
Section 448.1-108 - Supplemental general principles of law applicable.
Section 448.1-109 - Construction against implicit repeal.
Section 448.1-110 - Uniformity of application and construction.
Section 448.1-111 - Severability.
Section 448.1-112 - Unconscionable agreement or term of contract.
Section 448.1-113 - Obligation of good faith.
Section 448.1-114 - Remedies to be liberally administered.
Section 448.2-101 - Creation of condominium.
Section 448.2-102 - Unit boundaries.
Section 448.2-103 - Construction and validity of declaration and bylaws.
Section 448.2-104 - Description of units.
Section 448.2-105 - Contents of declaration.
Section 448.2-106 - Leasehold condominiums.
Section 448.2-107 - Allocation of common element interests, votes, and common expense liabilities.
Section 448.2-108 - Limited common elements.
Section 448.2-109 - Plats and plans.
Section 448.2-110 - Exercise of development rights.
Section 448.2-111 - Alterations of units.
Section 448.2-112 - Relocation of boundaries between adjoining units.
Section 448.2-113 - Subdivision of units.
Section 448.2-114 - Monuments as boundaries.
Section 448.2-115 - Use for sale purposes.
Section 448.2-116 - Easement rights.
Section 448.2-117 - Amendment of declaration.
Section 448.2-118 - Termination of a condominium.
Section 448.2-119 - Rights of secured lenders.
Section 448.2-120 - Master associations.
Section 448.2-121 - Merger or consolidation of condominiums.
Section 448.3-101 - Organization of unit owners' association.
Section 448.3-102 - Powers of unit owners' association.
Section 448.3-103 - Executive board members and officers.
Section 448.3-104 - Transfer of special declarant rights.
Section 448.3-105 - Termination of contracts and leases of declarant.
Section 448.3-107 - Upkeep of condominium.
Section 448.3-110 - Voting — proxies.
Section 448.3-111 - Tort and contract liability.
Section 448.3-112 - Conveyance or encumbrance of common elements.
Section 448.3-113 - Insurance.
Section 448.3-114 - Surplus funds.
Section 448.3-115 - Assessments for common expenses.
Section 448.3-116 - Lien for assessments.
Section 448.3-117 - Other liens affecting the condominium.
Section 448.3-118 - Association records.
Section 448.3-119 - Association as trustee.
Section 448.4-101 - Applicability — waiver.
Section 448.4-102 - Liability for public offering statement requirements.
Section 448.4-103 - Original sale certificate, general provisions.
Section 448.4-104 - Original sale certificate, condominiums subject to development rights.
Section 448.4-105 - Original sale certificate, time-shares.
Section 448.4-106 - Original sale certificate, condominiums containing conversion buildings.
Section 448.4-107 - Original sale certificate, condominium securities.
Section 448.4-108 - Purchaser's right to cancel.
Section 448.4-109 - Resales of units.
Section 448.4-110 - Escrow of deposits.
Section 448.4-111 - Release of liens.
Section 448.4-113 - Express warranties of quality.
Section 448.4-114 - Implied warranties of quality.
Section 448.4-115 - Exclusion or modification of implied warranties of quality.
Section 448.4-116 - Statute of limitations for warranties.
Section 448.4-117 - Effect of violations on rights of action — attorney's fees.
Section 448.4-118 - Labeling of promotional material.
Section 448.4-119 - Declarant's obligation to complete and restore.