Maine Statutes
§ 33 §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.
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Legislative History
PL 1981, c. 699 (NEW).
Nearby Sections
15
§ 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 §1603-106
Bylaws§ 33 §1603-107
Upkeep of the condominium§ 33 §1603-108
Meetings§ 33 §1603-109
Quorums§ 33 §1603-110
Voting; proxies§ 33 §1603-111
Tort and contract liability§ 33 §1603-112
Alienation of common elements§ 33 §1603-113
Insurance§ 33 §1603-114
Surplus funds§ 33 §1603-115
Assessments for common expenses