2011 Vermont Code
Title 27A Uniform Common Interest Ownership Act (1994)
Chapter 2 Creation, Alteration and Termination of Common Int
§ 103 Construction and validity of declaration and bylaws

§ 2-103. Construction and validity of declaration and bylaws

(a) All provisions of the declaration and bylaws are severable.

Subsection (b) effective until January 1, 2012; see also subsection (b) effective January 1, 2012 set out below.

(b) The rule against perpetuities may not be applied to defeat any provision of the declaration, bylaws, rules, or regulations adopted pursuant to subdivision 3-102(a)(1) of this title.

Subsection (b) effective January 1, 2012; see also subsection (b) effective until January 1, 2012 set out above.

(b) The rule against perpetuities may not be applied to defeat any provision of the declaration, bylaws, or rules adopted pursuant to this title.

Subsection (b) effective until January 1, 2012; see also subsection (b) effective January 1, 2012 set out below.

(c) In the event of a conflict between the provisions of the declaration and the bylaws, the declaration prevails to the extent the declaration is inconsistent with this title.

Subsection (c) effective January 1, 2012; see also subsection (c) effective until January 1, 2012 set out above.

(c) If a conflict exists between the declaration and the bylaws, the declaration prevails except to the extent the declaration is inconsistent with this title.

(d) Title to a unit is not rendered unmarketable or otherwise affected by an insubstantial failure of the declaration to comply with this title. Whether a substantial failure impairs marketability is not affected by this title. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999; amended 2009, No. 155 (Adj. Sess.), § 15, eff. Jan. 1, 2012.)