Sec. 82.069. RIGHTS OF SECURED LENDERS. The declaration may require that all or a specified number or percentage of the mortgagees or beneficiaries of deeds of trust encumbering the units approve specified actions of the unit owners or the association as a condition to the effectiveness of those actions, but a requirement for approval may not operate to:
(1) deny or delegate control over the general administrative affairs of the association by the unit owners or the board; or
(2) prevent the association or the board from:
(A) commencing, intervening in, or settling any litigation or proceeding; or
(B) receiving and distributing insurance proceeds under Section 82.111.
Added by Acts 1993, 73rd Leg., ch. 244, Sec. 1, eff. Jan. 1, 1994.
Structure Texas Statutes
Chapter 82 - Uniform Condominium Act
Subchapter B. Creation, Alteration, and Termination of Condominiums
Section 82.051. Creation of Condominium
Section 82.052. Unit Boundaries
Section 82.053. Construction and Validity of Declaration and Bylaws
Section 82.054. Description of Units
Section 82.055. Contents of Declaration for All Condominiums
Section 82.056. Leasehold Condominiums
Section 82.057. Allocation of Common Element Interests, Votes, and Common Expense Liabilities
Section 82.058. Limited Common Elements
Section 82.059. Plats and Plans
Section 82.060. Exercise of Development Right
Section 82.061. Alterations of Units
Section 82.062. Relocation of Boundaries Between Adjoining Units
Section 82.063. Subdivision of Units
Section 82.064. Easement for Encroachments
Section 82.065. Use for Sales Purposes
Section 82.066. Easement Rights
Section 82.0675. Restriction Relating to Club Membership
Section 82.068. Termination of Condominium