You may be aware that incorporated community associations are required to have a registered office address on file with the Pennsylvania Department of State Corporation Bureau. However, you may not regularly have the occasion to update those addresses. While it may seem like a small matter, allowing the registered office address to become outdated could result in significant problems for a community association.
The purpose of a registered address is to provide the official address at which the association receives important documents, such as the service of legal papers which may involve, among other things, notices of lawsuits or foreclosures within the association community. An association's legal rights could potentially be jeopardized by an outdated address since the association may not receive important documents delivered to an outdated address with sufficient time to adequately protect its legal rights.
Additionally, Pennsylvania law requires that any change in the registered office address be filed with the Corporation Bureau. An association may select any address which will ensure timely delivery of important documents, such as the business address of its property management company or an outside office, if available. Regardless of which address is chosen, the important issue is to ensure that the association will receive documents delivered to that address so the association will have an opportunity to take any action necessary to preserve its legal rights.
Should you have any questions regarding this important issue, we recommend that you contact your association's legal counsel. Ultimately, the problems that can arise from an outdated registered office address are relatively easy to avoid. Thank you for subscribing to our newsletter and we welcome your comments and suggestions.
The purpose of a registered address is to provide the official address at which the association receives important documents, such as the service of legal papers which may involve, among other things, notices of lawsuits or foreclosures within the association community. An association's legal rights could potentially be jeopardized by an outdated address since the association may not receive important documents delivered to an outdated address with sufficient time to adequately protect its legal rights.
Additionally, Pennsylvania law requires that any change in the registered office address be filed with the Corporation Bureau. An association may select any address which will ensure timely delivery of important documents, such as the business address of its property management company or an outside office, if available. Regardless of which address is chosen, the important issue is to ensure that the association will receive documents delivered to that address so the association will have an opportunity to take any action necessary to preserve its legal rights.
Should you have any questions regarding this important issue, we recommend that you contact your association's legal counsel. Ultimately, the problems that can arise from an outdated registered office address are relatively easy to avoid. Thank you for subscribing to our newsletter and we welcome your comments and suggestions.
