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2023 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 (2023)
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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.)
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