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Form a Business

Declarant control period -- Surrender of declarant's control

KRS 381.788
in effect
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381.788. Declarant control period -- Surrender of declarant's control (1) A declaration shall provide a declarant control period and specify the time and manner in which the declarant control period ends. (2) A declarant may surrender the right to appoint and remove officers and directors of the board and relinquish management and control of the association before termination of a declarant control period. Effective: June 29, 2023 History: Created 2023 Ky. Acts ch. 23, sec. 4, effective June 29, 2023.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53659Fetched: 10/20/2026

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