An association of unit owners must be organized no later than the date on which the first unit in the common interest community is conveyed. The membership of the association at all times consists exclusively of all unit owners or, following termination of the common interest community, of all former unit owners entitled to distributions of proceeds under AS 34.08.260 or their heirs, successors, or assigns. The association must be organized as a profit or nonprofit corporation, trust, or partnership.
Section: 34.08.310 34.08.320 34.08.330 34.08.340 34.08.350 34.08.360 34.08.370 34.08.380 34.08.390 34.08.400 34.08.410 34.08.420 34.08.430 34.08.440 34.08.450 NextLast modified: November 15, 2016