Compliance with articles, bylaws, covenants, etc.; organization of co-owners

Sec. 1. (a) Each condominium unit owner shall comply with: (1) the articles of incorporation or association; (2) the bylaws; (3) any administrative rules adopted under: (A) the articles of incorporation or association; or (B) the bylaws; and (4) the covenants, conditions, and restrictions set forth in: (A) the declaration; or (B) the deed to the owner's condominium unit. (b) Failure to comply as required under subsection (a) is grounds for an action: (1) to recover sums due; (2) for damages; (3) for injunctive relief; or (4) for any other legal or equitable relief; maintainable by the manager or board of directors on behalf of the association of co-owners or by an aggrieved co-owner. (c) The association of co-owners may be organized as: (1) a nonprofit corporation under: (A) IC 23-7-1.1 (before its repeal August 1, 1991); or (B) IC 23-17; or (2) an unincorporated association. [Pre-2002 Recodification Citation: 32-1-6-8.] As added by P.L.2-2002, SEC.10.