(a) Notwithstanding any bylaw, provision of a declaration, rule, or other provision of law, the governing body of a homeowners association or, if control of the governing body has not yet transitioned to the lot owners, the declarant shall give notice in accordance with subsection (b) of this section no less than 30 days before the sale, including a tax sale, of any common area located on property that has been transferred to the homeowners association.

(b) The notice requirement under subsection (a) of this section shall be satisfied by:

(1) Providing written notice about the sale to each lot owner; or

(2) (i) Posting a sign about the sale on the property to be sold, in a manner similar to signage required for a zoning modification; and

(ii) If the homeowners association has a Web site, providing notice about the sale on the home page of the Web site of the homeowners association.