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AK HB243
Bill
Status
1/18/2022
Primary Sponsor
David Nelson
Click for details
AI Summary
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Adds new section AS 34.07.025 establishing a procedure for associations of apartment owners to obtain lienholder consent to declaration amendments through certified mail notice with a 60-day response period.
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Lienholders who do not respond within 60 days after the postmark date are deemed to have approved the proposed amendment.
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Lienholders may not unreasonably withhold consent to amendments, and the certified mail procedure is not the exclusive method for obtaining consent.
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Extends identical lienholder consent procedures to common interest communities under AS 34.08.250 for associations beyond apartment owner associations.
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Preserves validity of declaration provisions in common interest communities created before January 1, 1986, even if they conflict with AS 34.08.470.
Legislative Description
Common Interest Communities; Liens
Property
Last Action
REFERRED TO COMMUNITY & REGIONAL AFFAIRS
1/18/2022