Anchorage Alaska Articles of Incorporation of Homeowners Association

State:
Multi-State
City:
Anchorage
Control #:
US-02467BG
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organiza¬tions. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.

A Home Owners Association is an organization of homeowners of a particular subdivision, condominium or planned unit development. The purpose of a home owners association is to provide a common basis for preserving maintaining and enhancing their homes and property. Most homeowners' associations are non-profit corporations. They are subject to state statutes that govern non-profit corporations and homeowner associations. The associations provide services, regulate activities, levy assessments, and impose fines. Usually, each member of a homeowners association pays assessments. Those assessments or dues are used to pay for expenses that arise from having and maintaining common property.

Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

Trusted and secure by over 3 million people of the world’s leading companies

Anchorage Alaska Articles of Incorporation of Homeowners Association