33-1241. Organization of unit owners' association
77 words·~1 min read·
/az/title-33/33-1241A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.