AS §34.08.330
—
Common Interest Ownership Act — Executive Board Members and Officers
Officers and board members must exercise the care required of fiduciaries of the unit owners. Board acts on behalf of the association except for declaration amendments, community termination, and board elections. Minimum 3 board members (1-2 allowed for communities under 12 units). Majority must be unit owners. Board members removable by two-thirds vote. Within 30 days of adopting a proposed budget, board must provide summary to unit owners and schedule a ratification meeting 14-30 days later. Budget ratified unless rejected by majority.
Reviewed · Alaska changes feed
Statutory Text
Verified Apr 17, 2026 · AK_OFFICIAL
Alaska Statutes 2024 home senate house bills & laws media center publications get started This page is no longer used please use www.akleg.gov Search 34th Legislature(2025-2026) Alaska Statutes 2024 X 2024-> Statutes Title 1. General Provisions. Title 2. Aeronautics. Title 3. Agriculture, Animals, and Food. Title 4. Alcoholic Beverages. Title 5. Amusements and Sports. Title 6. Banks and Financial Institutions. Title 7. Boroughs. Title 8. Business and Professions. Title 9. Code of Civil Procedure. Title 10. Corporations and Associations. Title 11. Criminal Law. Title 12. Code of Criminal Procedure. Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions. Title 14. Education, Libraries, and Museums. Title 15. Elections. Title 16. Fish and Game. Title 17. Food and Drugs. Title 18. Health, Safety, Housing, Human Rights, and Public Defender. Title 19. Highways and Ferries. Title 20. Infants and Incompetents. Title 21. Insurance. Title 22. Judiciary. Title 23. Labor and Workers' Compensation. Title 24. Legislature and Lobbying. Title 25. Marital and Domestic Relations. Title 26. Military Affairs, Veterans, Disasters, and Aerospace. Title 27. Mining. Title 28. Motor Vehicles. Title 29. Municipal Government. Title 30. Navigation, Harbors, Shipping, and Transportation Facilities. Title 31. Oil and Gas. Title 32. Partnership. Title 33. Probation, Prisons, Pardons, and Prisoners. Title 34. Property. Title 35. Public Buildings, Works, and Improvements. Title 36. Public Contracts. Title 37. Public Finance. Title 38. Public Land. Title 39. Public Officers and Employees. Title 40. Public Records and Recorders. Title 41. Public Resources. Title 42. Public Utilities and Carriers and Energy Programs. Title 43. Revenue and Taxation. Title 44. State Government. Title 45. Trade and Commerce. Title 46. Water, Air, Energy, and Environmental Conservation. Title 47. Welfare, Social Services, and Institutions. Statutes Navigation ToC Print Email Link Embed This
Governance
| Ref | Requirement |
|---|---|
| Minimum 3 board members (1-2 allowed for communities under 12 units). | |
| Officers and board members must exercise the care required of fiduciaries of the unit owners. | |
| Board acts on behalf of the association except for declaration amendments, community termination, and board elections. | |
| Majority must be unit owners. |
Other sections in this chapter
- AS §34.08.010 — Common Interest Ownership Act — Applicability
- AS §34.08.320 — Common Interest Ownership Act — Powers of Association
- AS §34.08.340 — Common Interest Ownership Act — Transfer of Association Control
- AS §34.08.390 — Common Interest Ownership Act — Meetings
- AS §34.08.440 — Common Interest Ownership Act — Insurance
- AS §34.08.460 — Common Interest Ownership Act — Assessments for Common Expenses
- AS §34.08.470 — Common Interest Ownership Act — Lien for Assessments
- AS §34.08.590 — Common Interest Ownership Act — Resales of Units
Legal Topics
This content is educational and informational. It does not constitute legal advice.
Consult a licensed attorney in your state for legal guidance specific to your situation.