Bill Text: AZ SB1293 | 2024 | Fifty-sixth Legislature 2nd Regular | Introduced

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Bill Title: Condominium associations; technical correction.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2024-01-31 - Senate read second time [SB1293 Detail]

Download: Arizona-2024-SB1293-Introduced.html

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REFERENCE TITLE: condominium associations; technical correction.

 

 

 

 

State of Arizona

Senate

Fifty-sixth Legislature

Second Regular Session

2024

 

 

 

SB 1293

 

Introduced by

Senator Kavanagh

 

 

 

 

 

 

 

 

An Act

 

amending section 33-1241, Arizona Revised Statutes; relating to condominiums.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1. Section 33-1241, Arizona Revised Statutes, is amended to read:

START_STATUTE33-1241. Organization of unit owners' association

A unit owners' association shall be organized no later than the date the first unit in the condominium is initially 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. END_STATUTE