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Maine Alliance for Road Associations

Fees incurred while forming SRA

  • 20 Oct 2023 12:10 PM
    Message # 13269748
    Deleted user

    We are in the process of creating a statutory Road Association and have and will incur expenses before the SRA is formally created - such as legal fees and postage, etc. for the notice of the organizational meeting.  How have others handled these costs prior to official formation and has anyone dealt with a failure of formation after costs have been incurred?

  • 21 Oct 2023 11:09 AM
    Reply # 13270022 on 13269748
    Anonymous member (Administrator)

    It was a while back, but if I remember right, those who were anxious to get our association going paid the expenses - copies, envelopes, and postage.

  • 22 Oct 2023 5:27 AM
    Reply # 13270158 on 13269748
    Anonymous member (Administrator)

    We went from an informal road Association with by-laws to a new Statutory Road Association with By-laws revised with attorney advice.. The reimbursement of expenses for the formation of the were part of the proposed budget. 

    In your situation, I would include formation expenses in the budget you all vote on at the initial meeting for formation of your statutory association.

    Last modified: 06 Nov 2023 5:12 PM | Anonymous member (Administrator)

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