47C-3-101. Organization of unit owners' association.
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 persons entitled to distributions of proceeds under G.S. 47C-2-118. The association shall be organized as a profit or nonprofit corporation or as an unincorporated nonprofit association. (1985 (Reg. Sess., 1986), c. 877, s. 1; 2006-226, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 47C - North Carolina Condominium Act
Article 3 - Management of the Condominium.
§ 47C-3-101 - Organization of unit owners' association.
§ 47C-3-102 - Powers of unit owners' association.
§ 47C-3-103 - Executive board members and officers.
§ 47C-3-104 - Transfer of special declarant rights.
§ 47C-3-105 - Termination of contracts and leases of declarant.
§ 47C-3-107 - Upkeep; damages; assessments for damages, fines.
§ 47C-3-107.1 - Procedures for fines and suspension of condominium privileges or services.
§ 47C-3-110 - Voting; proxies.
§ 47C-3-111 - Tort and contract liability.
§ 47C-3-112 - Conveyance or encumbrance of common elements.
§ 47C-3-115 - Assessments for common expense.
§ 47C-3-116 - Lien for sums due the association; enforcement.
§ 47C-3-116.1 - Validation of certain nonjudicial foreclosure proceedings and sales.
§ 47C-3-117 - Other liens affecting the condominium.
§ 47C-3-118 - Association records.
§ 47C-3-119 - Association as trustee.
§ 47C-3-121 - American and State flags and political sign displays.