Loading chat...

AK HB243

Bill

Status

Introduced

1/18/2022

Primary Sponsor

David Nelson

Click for details

Origin

House of Representatives

32nd Legislature

AI Summary

  • 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.

  • Lienholders who do not respond within 60 days after the postmark date are deemed to have approved the proposed amendment.

  • Lienholders may not unreasonably withhold consent to amendments, and the certified mail procedure is not the exclusive method for obtaining consent.

  • Extends identical lienholder consent procedures to common interest communities under AS 34.08.250 for associations beyond apartment owner associations.

  • 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

Committee Referrals

Community & Regional Affairs1/18/2022

Full Bill Text

No bill text available