Section 35-20-3 – Applicablity of Chapter.
Section 35-20-3 Applicablity of chapter. (a) This chapter applies to all developments subject to a declaration providing for a homeowners’ association recorded in the office of the judge of probate in the county in which the development, or any part thereof, is located on or after January 1, 2016, and any association formed prior to […]
Section 35-20-4 – Construction and Administration of Chapter.
Section 35-20-4 Construction and administration of chapter. (a) The principles of law and equity, including, but not limited to, the law of nonprofit corporations in Chapter 3 of Title 10A, the law of real estate, and the law relative to the capacity to contract, principal and agent, eminent domain, estoppel, negligence, fraud, misrepresentation, duress, coercion, […]
Section 35-20-5 – Organization of Associations; Filing Requirements; Rulemaking Authority; Organizational Documents.
Section 35-20-5 Organization of associations; filing requirements; rulemaking authority; organizational documents. (a) On or after January 1, 2016, a homeowners’ association created pursuant to a declaration shall be organized as a nonprofit corporation pursuant to Chapter 3 of Title 10A, and shall be governed in all respects as a nonprofit corporation. (b)(1) A homeowners’ association, […]
Section 35-20-6 – Formation of Association.
Section 35-20-6 Formation of association. A homeowners’ association provided for in a declaration and subject to this chapter shall be formed prior to the conveyance of any lot in the development by the declarant. (Act 2015-292, §6.)