SB98 Alabama 2023 Session

Summary

Primary Sponsor

Sam Givhan Senator

Republican

Session

Regular Session 2023

Title

Relating to nonprofit homeowners' associations; amending Section 35-20-5, Code of Alabama 1975, to remove the requirement that certain duplicative filings shall be submitted to the Secretary of State.

Description

Under existing law, in order to establish its existence as a nonprofit organization under the laws of the state, a homeowners' association is required to file articles of incorporation with the Secretary of State under one code section, and file a certificate of formation with the Secretary of State consisting of information substantially the same as articles of incorporation, under a more recent code section.

This bill would remove the requirement that a homeowners' association must file articles of incorporation to be organized as a nonprofit corporation.

Show more Show less