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.
Structure Alaska Statutes
Chapter 08. Common Interest Ownership
Article 3. Management of the Common Interest Community.
Sec. 34.08.310. Organization of unit owners' association.
Sec. 34.08.320. Powers of unit owners' association.
Sec. 34.08.330. Executive board members and officers.
Sec. 34.08.340. Transfer of association control.
Sec. 34.08.350. Transfer of special declarant rights.
Sec. 34.08.360. Termination of contracts and leases of declarant.
Sec. 34.08.380. Upkeep of common interest community.
Sec. 34.08.410. Voting and proxies.
Sec. 34.08.420. Tort and contract liability.
Sec. 34.08.430. Conveyance or encumbrance of common elements.
Sec. 34.08.450. Surplus funds.
Sec. 34.08.460. Assessments for common expenses.
Sec. 34.08.470. Lien for assessments.