§1141.22. Declarant control of the association
A. The declaration may provide for a period of declarant control of the association,
during which a declarant, or persons designated by the declarant, may appoint and remove
the officers and directors. A declarant may voluntarily surrender the right to appoint and
remove officers and directors before the period ends. In that event, the declarant may require,
during the remainder of the period, that specified actions of the association or board of
directors as described in a recorded instrument executed by the declarant be approved by the
declarant before becoming effective.
B. Regardless of the period provided in the declaration, a period of declarant control
terminates as follows:
(1) If the right to add additional immovable property to the planned community was
not reserved in the declaration, one hundred twenty days after the date that seventy-five
percent of the total number of lots in the planned community are transferred to unrelated
purchasers.
(2) If the right to add additional immovable property to the planned community was
reserved in the declaration, upon the expiration of the time period provided in R.S.
9:1141.7(C), as that period may be extended by the declarant's timely exercise of the right
to add additional immovable property.
C. Notwithstanding the provisions of this Section, in no event shall the period of
declarant control of a master association terminate until all periods of declarant control for
all planned communities subject to the master association have terminated.
Acts 2024, No. 158, §2, eff. Jan. 1, 2025.