A unit owners' association shall be organized prior to any conveyance, except a conveyance as security for an obligation, of a unit by the declarant. 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 1602‑118, or their heirs, successors or assigns. The association shall be organized as a nonprofit corporation under Title 13‑B, as it or its equivalent may be amended from time to time.
Me. Rev. Stat. tit. 33, § 1603-101
Organization of unit owners' association
Known as the Maine Condominium Act
The act spans §§ 1601-101 to 1604-118 (75 sections).
Applied in 1 court decision — leading case Pines Point Marina v. Rehak (2008)
Most recently applied in Pines Point Marina v. Rehak (December 2008)
PL 1981, c. 699 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.