A unit owners' association shall be organized no later than the date the first unit in the condominium is conveyed. The membership of the association at all times shall consist exclusively of all the unit owners. Following termination of the condominium, the membership of the association shall consist of all of the unit owners at the time of termination entitled to distributions of proceeds under RCW
64.34.268 or their heirs, successors, or assigns. The association shall be organized as a profit or nonprofit corporation. In case of any conflict between Title
23B RCW, the business corporation act, chapter
24.03A RCW, the nonprofit corporation act, or chapter
24.06 RCW, the nonprofit miscellaneous and mutual corporations act, and this chapter, this chapter shall control.