Legal Question in Real Estate Law in Georgia
Home Owners Association....
Difference beween a Home Owners Association and an Association that is Incorporated? If they sue an Association or a Association that is Incorporated who's assets are in danger????
2 Answers from Attorneys
Re: Home Owners Association....
Based only on your question, the difference is that obviously one is incorporated and one is presumably not. What assets may or may not be in danger if "they" (whoever that is) sue needs to be determined by looking at many other factors, including the claims in the lawsuit.
Re: Home Owners Association....
Generally, a well-organized HOA is incorporated as a non-profit to protect the assets of the association. Who is liable and what assets are vulnerable depend on many factors, including the basis for the lawsuit and how the association is run.
If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
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