If a cooperative or planned community created within the state before January 1, 1986 contains no more than 12 units and is not subject to any development rights, it is subject only to AS 34.08.720 - 34.08.740, unless the declaration is amended in conformity with law and with the procedures and requirements of the declaration to take advantage of the provisions of AS 34.08.060, in which case all the sections enumerated in AS 34.08.040 apply to the cooperative or planned community.
Structure Alaska Statutes
Chapter 08. Common Interest Ownership
Sec. 34.08.010. Applicability generally.
Sec. 34.08.030. Applicability to limited expense liability planned communities.
Sec. 34.08.035. Prohibited subdivisions.
Sec. 34.08.040. Applicability to preexisting common interest communities.
Sec. 34.08.050. Applicability to small preexisting cooperatives and planned communities.
Sec. 34.08.060. Amendments to governing instruments.
Sec. 34.08.070. Applicability to nonresidential common interest communities.
Sec. 34.08.080. Applicability to out-of-state common interest communities.