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Friday Factoid – 3.08.13
This content has been archived. It may no longer be relevantThe song “Happy Birthday to You” is protected by copyright (until at least 2030). Source: http://www.snopes.com/music/songs/birthday.asp
IS GOLF CART CRUSIN’ LEGAL?
Well….that depends, but probably not. I’ve gathered from my ramblings in and around the residential and resort communities of North Carolina that it has become progressively en vogue to own an electric golf cart to be used as an additional form of transportation. These ‘home’ golf carts are used for everything from the obvious like…
HOA Audits and Open Board Meetings
Q: What can homeowners do when their HOA (homeowners’ association) board is not following its own bylaws, which in this case require an annual audit performed by an accountant? Only accounting “compilations” have been done in the past, even though the budget line item for the expense says “auditing fees.” Also, final year-end financial statements…
Friday Factoid – 3.01.13
Article 27(2) of the Universal Declaration of Human Rights recognizes intellectual property rights as a fundamental human right. Source: http://www.un.org/en/documents/udhr/index.shtml
Can HOA board forgive unpaid assessments?
Q: Our homeowners association’s board of directors forgave homeowners who were two to three years behind on their assessments. This was done without our knowledge, and we found out about it before our annual meeting. Is this legal? This seems unfair to the homeowners who pay their dues every year. A: There is nothing in…
Friday Factoid – 2.22.13
In 1938, the creators of the Superman character and comics (Jerry Siegel and Joe Shuster) sold their intellectual property rights in the Superman character for a mere $130. Source: http://www.washingtonpost.com/blogs/comic-riffs/post/the-fight-for-superman-warner-bros-retains-rights-to-man-of-steel-in-major-court-ruling/2012/10/17/c5f8e5f2-18c1-11e2-8bfd-12e2ee90dcf2_blog.html
Does South Carolina have similar laws as North Carolina when it comes to HOAs?
In North Carolina, the Planned Community Act applies to single-family and townhome communities and the Condominium Act applies to condominiums. The Nonprofit Corporations Act applies to the corporations that are established to run the associations. South Carolina does have some laws that apply to homeowners associations, but it depends on the type of association. The…
Friday Factoid – 2.15.13
The number of worldwide Internet users increased 566% between 2000 and 2012. The pool of available Internet Protocol numbers (also known as IP addresses) under the current numbering protocol is shrinking. As a result, there is an increasing demand for assigned but unused IP addresses, which businesses should recognize and value as part of their…
Do You Know Who Your “Registered Agent” Is?
No, your Registered Agent is not some double-naught spy on a clandestine mission to ferret out rules violations in your neighborhood. Every corporation is required by law to designate a Registered Agent (“R/A”) – a person or company physically present in the state, upon whom legal process will be served in proceedings involving or affecting…
Friday Factoid – 2.08.13
A recent Brookings Institution study of patents issued between 1980 and 2012 indicates that 63% of U.S. patents were issued for inventions developed in 20 metropolitan areas, which are home to only 34% of the U.S. population. Source: http://www.brookings.edu/~/media/Research/Files/Reports/2013/02/patenting%20prosperity%20rothwell/patenting%20prosperity%20rothwell.pdf
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