Casey L. Cirner

The governing documents of a typical homeowners association provide limited guidance on dissolution. Generally, a single paragraph in these often voluminous documents addresses the topic. Thus, what should a homeowners association consider when deciding whether or not to dissolve? Three primary considerations are: (i) what is the process for member notice and approval of the dissolution; (ii) what happens to the assets, if there are any; and (iii) whether any outside approvals are required.

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