If the By_Laws of a private golf club exempts a member from special assessments because he/she meets specific ?
July 19th, 2008 | 
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Sherwin Casher asked:
A member of a private golf club is exempt from Assessments because he/she meets specific criteria in the By-Laws, would that member be exempt from paying into a Capital Reserve Fund?
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A member of a private golf club is exempt from Assessments because he/she meets specific criteria in the By-Laws, would that member be exempt from paying into a Capital Reserve Fund?
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Depends on how the by-laws define “special assessments”.
Generally not.