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KRS 381.788

Declarant control period -- Surrender of declarant's control

Effective: June 29, 2023 History: Created 2023 Ky

(1) A declaration shall provide a declarant control period and specify the time and manner in which the declarant control period ends.

(2) A declarant may surrender the right to appoint and remove officers and directors of the board and relinquish management and control of the association before termination of a declarant control period.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.