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 former unit owners entitled to distributions of proceeds under section 33-1228, or their heirs, successors or assigns. The association shall be organized as a profit or nonprofit corporation or as an unincorporated association.
A.R.S. § 33-1241
Organization of unit owners' association
Applied in 2 court decisions — leading case Martinez v. Woodmar IV Condominiums Homeowners Ass'n (1997)
Most recently applied in Pines Point Marina v. Rehak (December 2008)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.