Ala. Code § 35-20-14

Current through the 2024 Regular Session.

Section 35-20-14 - Dissolution and liquidation of assets upon termination of declaration

Upon the termination of a declaration, or at such other time as required by law, the board of directors shall take those steps necessary for the immediate dissolution and liquidation of the association and any remaining assets.

Ala. Code § 35-20-14 (1975)

Added by Act 2015-292,§ 15, eff. 1/1/2016.