The rules vary from state to state and depend also on the CC&Rs. The HOA in our area was dissolved after 10 years where the BOD was recalled a total of 5 times. Finally had a BOD elected on the platform of eliminating the HOA - which it did, with 90% of the homeowners voting to end it.
Understood. I’m in the HOA industry and live in an HOA. Your association must have been a nightmare if the community dissolved it. HOA stories are like bad cop stories. Over 400k HOAs in the country, one board behaves badly and suddenly they are all evil. I love my HOA and live here because of the rules. My other home wasn’t in an association and lost value. This home has appreciated by 75k in the last two years.