Establishes the Uniform Common Interest Ownership Act in Montana.

The Uniform Common Interest Ownership Act establishes rules for common interest communities, cooperatives, and planned communities in Montana. It outlines the creation, governance, and operation of these communities, including the adoption of governing instruments like declarations and bylaws. The act specifies the classification of real estate or personal property, processes for altering zoning regulations, and protections for purchasers. It also addresses the sale of units, the release of liens, and the conversion of buildings.

Establishes the Uniform Common Interest Ownership Act in Montana.

The Uniform Common Interest Ownership Act establishes rules for common interest communities, cooperatives, and planned communities in Montana. It outlines the creation, governance, and operation of these communities, including the adoption of governing instruments like declarations and bylaws. The act specifies the classification of real estate or personal property, processes for altering zoning regulations, and protections for purchasers. It also addresses the sale of units, the release of liens, and the conversion of buildings.