BY-LAWS - of - SUN VALLEY HOMEOWNERS ASSOCIATION, INC.

ARTICLE IV

MEMBERSHIP

Section 1. Deed.
The grantee in a deed shall be considered to hold a record interest in property when that deed is recorded in the Public Records of Palm Beach County, Florida.

Section 2. Special Circumstances.
Whenever it is necessary to determine for the purposes of the Articles or these By-Laws whether a person holds a record interest in any property, the following shall be deemed to consist of a record interest for such purposes:

1. Ownership of a beneficial interest in a land trust organized under the provisions of Section 697.071, Florida Statutes (1985), or any successive statute thereto.
2. The status of an heir at law after determination of a probate court of competent jurisdiction, or a beneficiary under a will which has been admitted to probate in a court of competent jurisdiction, of the estate of an Owner, unless the property is under the control of the personal representative, in which event the personal representative shall be deemed the Owner for the purposes of the Articles and these By-Laws.