Condo associations, in general, can take out bank loans

Question: Can a board of directors of a condo association enter into a loan or line of credit agreement with a bank, using the condo assets as collateral, without a vote by the unit owners? —   Read the Q&A………….


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Community association required to adopt an annual budget every year

Q: I received my quarterly dues statement and it went up. There was no notice and no explanation. Is this