HOA Turnover in Indiana

We are preparing for our HOA to be turned over to the owners. The HOA is currently run by Pulte. I have been searching this site and have found a lot of good information about turnover requirements/laws in other states. Can someone point me to a summary specific to Indiana? I've read through some of the Indiana code on HOA's, but haven't seen anything specific to turnovers. I'm hoping to find something that is step by step, as we don't have any experience with turnovers. Thanks!

Ask your developers about a law passed by the state legislature in 2009 (it was House Bill 1071, but now I think it's part of Indiana Code, chapter 32). There are several requirements homeowner associations created after 2009 must follow - those established before 2009 may take a homeowner vote and then adjust their governing documents so community rules will comply with the law.

You should also be aware of a new law that was just signed by the govenor - can't remember the bill number, but effective July 1, 2011 the Attorney General will have the power to sue homeowner associations or individual board members for certain acts (e.g. board member embezzles Association funds). If the court rules against the board or board member, it can issue injuctions ranging from removing the member to requiring the entire board to make restitution and other stuff.

To look this stuff up, you could go to the state's website (in.gov) find the legislature page and do some searches. Or simply Google Indiana homeowner association law - both of these should pop up somewhere.

Oh, I believe another law enacted last year prohibits homeowner associations from passing rules stating you can't display a flag or political signs (they can still dictate the size and location)

Good luck!