N.C. Gen. Stat. § 47C-3-101

Current through Session Law 2024-3
Section 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.

N.C. Gen. Stat. § 47C-3-101

Amended by 2006 N.C. Sess. Laws 226,s. 4, eff. 1/1/2007.
1985 (Reg. Sess., 1986), c. 877, s. 1.