SB 1495 Summary

• Adds definition of "committee" and "meeting" to condominium and planned community statutes, clarifying that meetings can occur through electronic or technological means.

• Requires non-declarant owners to approve by 66% vote any amendment to change the duration or conditions of declarant control during the declarant control period.

• Establishes $500 civil liability per violation for associations that violate open meeting and voting requirements in both condominiums and planned communities.

• Expands annual meeting requirements to include financial summary reports of previous annual expenses and income plus projections for coming year, and allows members individual time limits to address the board.

• Restricts voting after declarant control ends by prohibiting proxies and requiring actions to occur only at meetings or through written consent petitions presented and approved at meetings; permits written consent only if petition is first presented at a meeting.