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ARTICLES OF INCORPORATION, to organize a homeowners' non-profit corporation. May be utilized for a single family residential or condominium subdivision.
ARTICLES OF INCORPORATION OF (Name of Subdivision) HOMEOWNERS ASSOCIATION, INC. We, the undersigned natural persons of the age of eighteen years or more, acting as incorporators of a corporation adopt the following Articles of Incorporation for such corporation pursuant to the "General Not for Profit Corporation Act" of the State of ____________. 1. The name of the corporation shall be (Name of Subdivision) HOMEOWNERS ASSOCIATION, INC. 2. This corporation is a mutual benefit corporation. 3. The duration of the corporation shall be perpetual. 4. This corporation will have members. 5. The reasons for which this corporation is formed are as follows: (a) To establish a legal entity to govern and control a homes association; (b) It shall be a non-profit corporation as defined by the "General Not-for- profit Corporation Act" of the State of ____________. 6. The assets and income of this corporation shall be distributed as follows: (a) None of its assets shall ever be returned or inure to the benefit of the members or officers thereof, or any private person or persons, but shall be used exclusively for the aims and purposes of
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