Amends GS 47C-1-102, concerning applicability of the Chapter, to include reference to articles of organization. Amends GS 47C-2-120 to make the statute applicable to business corporations, nonprofit corporations, or limited liability companies exercising powers under the declaration of a condominium. Amends GS 47C-3-101 to also allow unit owners' associations to be organized as a limited liability company.
Enacts GS 47C-3-101.1, which establishes annual reporting requirements for unit owners’ associations organized as nonprofits, if the association collects annual assessments, imposes fines, charges or other fees, or enforces architectural guidelines. Directs the Secretary of State to prescribe requirements for an annual report in electronic form, with requirements for information regarding the association as specified. Requires the information to be current as of the date the report is executed. Makes reports due April 15 of the year following creation of the association and every year thereafter unless the association is terminated. Allows for updates to incomplete information or amendments to correct or update the required information. Sets out the process for filing amendments. Specifies penalties for delinquency, including suspension of the ability to collect assessments from owners and imposition of fees under GS 47C-3-102. Provides a notice and cure process for delinquencies. Specifies a filing fee of $200 under GS 57D-1-22(a)(28). Authorizes the Attorney General to bring an action to restrain an association from violating the section.
Enacts GS 47C-3-101.2, which establishes the same annual reporting requirements for unit owners’ associations organized as business corporations, except that the information regarding the association requires business corporation specific requirements in addition to the report already required under GS 55-16-22.
Enacts GS 47C-3-101.3, which establishes the same annual reporting requirements for unit owners’ associations organized as limited liability companies, except that the information regarding the association requires limited liability company specific requirements in addition to the report already required under GS 57D-2-24. Does not provide for a filing fee, unlike the sections for nonprofit and business corporations.
Amends GS 47C-3-102 to include a reference to articles of incorporation or organization and to remove a reference to an unincorporated association.
Amends GS 47F-1-102 to include reference to articles of incorporation or organization.
Amends GS 47F-1-104 to include reference to articles of incorporation or organization.
Amends GS 47F-2-103 to include reference to articles of incorporation or organization.
Amends GS 47F-3-101 to include reference to lot owners' associations organized as nonprofit or business corporations or limited liability companies.
Enacts GS 47F-3-101.1, which establishes annual reporting requirements for lot owners’ associations organized as nonprofits, with substantially identical requirements to the new GS 47C-3-101.1 above.
Enacts GS 47F-3-101.2, which establishes annual reporting requirements for lot owners’ associations organized as business corporations, with substantially identical requirements to GS 47C-3-101.2 above.
Enacts GS 47F-3-101.3, which establishes annual reporting requirements for lot owners’ associations organized as limited liability companies, with substantially identical requirements to GS 47C-3-101.3 above. Does not provide for a filing fee, unlike the sections for nonprofit and business corporations.
Amends GS 47F-3-102 to include reference to articles of incorporation or organization.
Amends GS 47-3-120 to include reference to articles of incorporation or organization.
Effective October 1, 2026, and applicable to reports due beginning in 2027.