Condominium associations may organize as either for-profit or nonprofit corporations § 47C-3-101. Every association created after January 1, 1999, must be organized as a nonprofit corporation § 47F-3-101. All lot owners' associations in North Carolina must be incorporated. §§ 55A-1-01, et seq.: The statute governs nonprofits with regard to corporate structure and procedure. North Carolina Nonprofit Corporation Act, N.C. See § 47F-2-101 (creation of the planned community). A planned community is created by recording a community declaration in the county's land records in which the community is located. §§ 47F-1-101, et seq.: This Chapter applies to all planned communities created on or after January 1, 1999, except as otherwise provided in section 47F-1-102.

North Carolina Planned Community Act, N.C. §§ 47C-1-101, et seq.: The law governs, among other things, the creation, alteration, and termination management and protection of purchasers of condominiums created after October 1, 1986. §§47A-1, et seq.: This Chapter applies to all condominiums created within North Carolina before October 1, 1986. Federal Laws - In addition to state law regulations, the federal government has laws that govern the operation and management of common interest communities, condominiums, cooperatives, and residential properties in North Carolina.

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