33-1241. Organization of unit owners' association
A unit owners' association shall be organized no later than the date the first unit in the condominium is conveyed. The membership of the association at all times shall consist exclusively of all the unit owners or, following termination of the condominium, of all former unit owners entitled to distributions of proceeds under section 33-1228, or their heirs, successors or assigns. The association shall be organized as a profit or nonprofit corporation or as an unincorporated association.
Section: Previous 33-1224 33-1225 33-1226 33-1227 33-1228 33-1229 33-1230 33-1241 33-1242 33-1243 33-1244 33-1245 33-1246 33-1247 33-1248 NextLast modified: October 13, 2016