§1603-101. Organization of unit owners' association
A unit owners' association shall be organized prior to any conveyance, except a conveyance as security for an obligation, of a unit by the declarant. 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 1602-118, or their heirs, successors or assigns. The association shall be organized as a nonprofit corporation under Title 13-B, as it or its equivalent may be amended from time to time. [PL 1981, c. 699 (NEW).]
SECTION HISTORY
PL 1981, c. 699 (NEW).
Structure Maine Revised Statutes
Chapter 31: MAINE CONDOMINIUM ACT
Article 3: MANAGEMENT OF THE CONDOMINIUM
33 §1603-101. Organization of unit owners' association
33 §1603-102. Powers of unit owners' association
33 §1603-103. Executive board members and officers; declarant control
33 §1603-104. Transfer of special declarant rights
33 §1603-105. Termination of contracts and leases of declarant
33 §1603-107. Upkeep of the condominium
33 §1603-111. Tort and contract liability
33 §1603-112. Alienation of common elements
33 §1603-115. Assessments for common expenses
33 §1603-115-A. Optional escrow of assessments
33 §1603-116. Lien for assessments
33 §1603-117. Other liens affecting the condominium