Section 34.08.310. Organization of unit owners' association.

Latest version.

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.

Authorities

34.08.280;34.08.990

Notes

References

AS 34.08.280 Master associations.
AS 34.08.990 Definitions.

History

(Sec. 1 ch 95 SLA 1985)

                    
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