Question

The Lake Superior Condominium Association was formed in June 1990. Which statement best describes their participation in the Minnesota Common Interest Ownership Act?

A. They are not covered by the Act because they were formed before 1993.
B. They are covered by the Act because they were formed in 1990.
C. They are not covered by the Act because they are a condominium association.
D. Their coverage under the Act depends on specific provisions in their governing documents.

Answer 1

The Lake Superior Condominium Association's coverage under the Minnesota Common Interest Ownership Act depends on specific provisions in their governing documents.

Step-by-step explanation:

The Lake Superior Condominium Association would likely be covered by the Minnesota Common Interest Ownership Act if the Act has specific provisions that apply to condominium associations. Condominium associations are typically subject to common interest ownership laws. However, the specific coverage of the association under the Act would depend on the provisions outlined in their governing documents, such as their articles of incorporation or bylaws.