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AZ SB1718
Bill
Status
Introduced
2/6/2024
Primary Sponsor
Sally Gonzales
Click for details
AI Summary
- Amends Arizona Revised Statutes section 33-1241 regarding unit owners' associations in condominiums
- Requires unit owners' associations to be organized no later than when the first unit in a condominium is initially conveyed
- Specifies that association membership must consist exclusively of unit owners or, after condominium termination, former unit owners entitled to distributions under section 33-1228, or their heirs, successors, or assigns
- Permits associations to be organized as profit corporations, nonprofit corporations, or unincorporated associations
Legislative Description
Condominium associations; technical correction
Condominiums
Last Action
Senate read second time
2/7/2024
Committee Referrals
Rules2/6/2024
Full Bill Text
No bill text available