33 M.R.S.A. §1603-103
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Maine Condominium Act — Executive Board Members and Officers
Requires a minimum of 3 board members, majority unit owners. The declarant has fiduciary duty to unit owners during the control period, which ends at the earliest of: 7 years (with development rights), 5 years (without), or when 75 percent of units are conveyed. Budget ratification requires owner notification within 30 days of proposal and a meeting 10-30 days after mailing.
Reviewed · Maine changes feed
Governance
| Ref | Requirement |
|---|---|
| Requires a minimum of 3 board members, majority unit owners. | |
| The declarant has fiduciary duty to unit owners during the control period, which ends at the earliest of: 7 years (with development rights), 5 years (without), or when 75 percent of units are conveyed. | |
| Budget ratification requires owner notification within 30 days of proposal and a meeting 10-30 days after mailing. |
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Legal references last verified April 15, 2026.
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