News & Events
Corp. Code §8724
Corporations Code §8724. Dissolution of an Association.
Without the approval of 100 percent of the members, any contrary provision in this part or the articles or bylaws notwithstanding, so long as there is any lot, parcel, area, apartment, or unit for which an owners' association, created in connection with any of the forms of development referred to in
of the Business and Professions Code, is obligated to provide management, maintenance, preservation, or control, the following shall apply:
(a) The owners' association or any person acting on its behalf shall not do either of the following:
(1) Transfer all or substantially all of its assets.
(2) File a certificate of dissolution.
(b) No court shall enter an order declaring the owners' association duly wound up and dissolved.
Up To: Main Index
--Changes to DS Act
--DSA Conversion Chart
Mobilehome Residency Law
Rules of Interpretation
Website - California statutes
Advertise With Us
Davis-Stirling.com is a product of
Adams Kessler PLC
and is not sponsored by or affiliated with any governmental agency.