§ 4203. Construction and validity of declaration and bylaws.
153 words·~1 min read·
/pa/title-68/chapter-42/4203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4203. Construction and validity of declaration and bylaws.
(a)Provisions severable.-- All provisions of the declaration and bylaws are severable.
(b)Application of rule against perpetuities.-- The rule against perpetuities may not be applied to defeat any provision of the declaration, bylaws or rules and regulations adopted pursuant to section 4302(a)(1) (relating to powers of association).
(c)Conflict between declaration and bylaws.-- In the event of a conflict between the provisions of the declaration and the bylaws, the declaration prevails except to the extent the declaration is inconsistent with this subpart.
(d)Effect of noncompliance on title to unit.-- Title to a cooperative interest is not rendered unmarketable or otherwise affected by reason of an insubstantial failure of the declaration to comply with this subpart. Whether a substantial failure impairs marketability is not affected by this subpart.
68c4203v
Cross References. Section 4203 is referred to in section 4102 of this title.
68c4204s