Alaska Statutes Title 34, Chapter 34.08, Article 03 - Management of the Common Interest Community

• Sec. 34.08.310 Organization of Unit Owners' Association.
  An association of unit owners must be organized no later than the date on which the first unit in the common interest community is...
• Sec. 34.08.320 Powers of Unit Owners' Association.
  (a) Except as provided in (b) of this section and subject to the provisions of the declaration, the association may(1) adopt and amend bylaws...
• Sec. 34.08.330 Executive Board Members and Officers.
  (a) Except as provided in the declaration, the bylaws, (b) of this section, or other provisions of this chapter, the executive board may act...
• Sec. 34.08.340 Transfer of Association Control.
  (a) Before or not more than 60 days after the termination of declarant control, the declarant shall relinquish control of the common interest community...
• Sec. 34.08.350 Transfer of Special Declarant Rights.
  (a) A special declarant right created or reserved under this chapter may be transferred only by an instrument evidencing the transfer that has been...
• Sec. 34.08.360 Termination of Contracts and Leases of Declarant.
  (a) If entered into before the executive board elected by the unit owners under AS 34.08.330 (f) takes office (1) a management contract, employment...
• Sec. 34.08.370 Bylaws.
  (a) The bylaws of the association must provide(1) for the number of the members of the executive board and for the titles of the...
• Sec. 34.08.380 Upkeep of Common Interest Community.
  (a) Except to the extent provided by the declaration, by (b) of this section, or by AS 34.08.440 (h), the association is responsible for...
• Sec. 34.08.390 Meetings.
  A meeting of the association must be held at least once each year. A special meeting of the association may be called by the...
• Sec. 34.08.400 Quorums.
  (a) Unless the bylaws provide otherwise, a quorum is present throughout a meeting of the association if persons entitled to cast 20 percent of...
• Sec. 34.08.410 Voting and Proxies.
  (a) If only one of several owners of a unit is present at a meeting of the association, the owner present is entitled to...
• Sec. 34.08.420 Tort and Contract Liability.
  Neither the association nor any unit owner except the declarant is liable for the torts of the declarant in connection with any part of...
• Sec. 34.08.430 Conveyance or Encumbrance of Common Elements.
  (a) In a condominium or planned community, portions of the common elements may be conveyed or subjected to a security interest by the association...
• Sec. 34.08.440 Insurance.
  (a) Commencing not later than the first conveyance of a unit to a person other than a declarant, the association shall maintain, to the...
• Sec. 34.08.450 Surplus Funds.
  Unless otherwise provided in the declaration, surplus funds of the association remaining after payment of or provision for common expenses and prepayment of reserves...
• Sec. 34.08.460 Assessments for Common Expenses.
  (a) Until the association makes a common expense assessment, the declarant shall pay all common expenses. After an assessment has been made by the...
• Sec. 34.08.470 Lien for Assessments.
  (a) The association has a lien on a unit for an assessment levied against the unit or fines imposed against its unit owner from...
• Sec. 34.08.480 Other Liens.
  (a) In a condominium or planned community,(1) except as provided in (2) of this subsection, a recorded judgment for money against the association is...
• Sec. 34.08.490 Association Records.
  (a) The association shall keep financial records sufficiently detailed to enable the association to comply with AS 34.08.590 . Financial and other records must...
• Sec. 34.08.500 Association As Trustee.
  If a third person deals with the association in the capacity of the association as a trustee, the existence of trust powers and their...

Last modified: November 15, 2016