Ala. Admin. Code r. 820-5-1-.02

Current through Register Vol. 43, No. 1, October 31, 2024

Section 820-5-1-.02 - Organization

On or after January 1, 2016, a homeowners' association created pursuant to a declaration as that term is defined in Code of Ala. 1975, Section 35-20-2(5), shall be organized as a nonprofit corporation pursuant to Chapter 3 of Title 10A, and shall be governed in all respects as a nonprofit corporation.

Ala. Admin. Code r. 820-5-1-.02

Amended by Alabama Administrative Monthly Volume XXXIV, Issue No. 06, March 31, 2016, eff. 4/18/2016.

Formerly Rule 820-X-9-.03, as per certification filed January 10, 2001; effective February 14, 2000.

Authors: Jean Brown, R. Joel Laird, Jr.

Statutory Authority:Code of Ala 1975, § 35-20-5(b)(4).