Rule 5 D has been revised.
Original Verbiage:
Ownership of Lots:
Lots may only be owned by one person; for purposes of this rule, “one person” means a natural person or a natural person and his or her spouse. Ownership of lots in any other form (for example, if the proposed
owner is to be a partnership, joint venture, corporation, limited liability company or trust) must be
approved in advance by the Board of Trustees.
Revised Verbiage: Approved by CLPOA BoT
Ownership of Lots:
Lots may only be owned by one person; for purposes of this rule, “one person” means a natural person or a natural person and his or her spouse. Ownership of lots in any other form (for example, if the proposed
owner is to be a partnership, joint venture, corporation, limited liability company or trust, not including
trusts where the trustee is a natural person) must be approved in advance by the Board of Trustees.
Link to the CLPOA Rules and Regulations: