There is a newer version
of
this Section
2020 Code of Alabama
Title 35 - Property.
Chapter 20 - Alabama Homeowners' Association Act.
Section 35-20-14 - Dissolution and Liquidation of Assets Upon Termination of Declaration.
Universal Citation: AL Code § 35-20-14 (2020)
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.
(Act 2015-292, §15.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
