True or False: Only condominium corporations are impacted by state laws regarding turnover processes.

The assertion that only condominium corporations are impacted by state laws regarding turnover processes is actually misleading. State laws on turnover processes typically apply not just to condominium corporations but also to other types of community associations, such as homeowners' associations (HOAs) and cooperative associations.

The correct answer is that this statement is false because various state laws regulate turnover and transition processes for all community associations, which can include different types of ownership and governance structures. These laws are designed to provide guidelines on issues like the transition of control from the developer to the homeowners and to ensure that all community members are protected during this process.

Because of this broader applicability, it is essential for community association managers and board members to be aware of the specific laws that govern their particular type of association, rather than assuming that only condominium corporations are affected.