Code of Alabama - Title 35: Property - Section 35-20-14 - Dissolution and liquidation of assets upon termination of declaration

Section 35-20-14 - Dissolution and liquidation of assets upon termination of declaration.

Upon the termination of a declaration, or at such other time as required by law, the board of directors shall take those steps necessary for the immediate dissolution and liquidation of the association and any remaining assets.

(Act 2015-292, §15.)

Last modified: May 3, 2021