On or after January 1, 2016, a homeowners’ association created pursuant to a declaration as that term is defined in Code of Ala. 1975, Section 35-20-2(5), shall be organized as a nonprofit corporation pursuant to Chapter 3 of Title 10A, and shall be governed in all respects as a nonprofit corporation.

Author: Jean Brown, R. Joel Laird, Jr.

Statutory Authority: Code of Ala 1975, §35-20-5(b)(4).

Editor’s Note: Formerly Rule 820-X-9-.03, as per certification filed January 10, 2001; effective February 14, 2000.

History: New Rule: Filed January 10, 2001; effective February 14, 2000. Repealed: Filed June 5, 2009; effective July 10, 2009. New Rule: Filed March 4, 2016; effective April 18, 2016.