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AZ HB2541

Bill

Status

Introduced

1/17/2024

Primary Sponsor

Patricia Contreras

Click for details

Origin

House of Representatives

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Amends section 10-130 to require the Arizona Corporation Commission to establish and maintain a database for planned community documents and condominium documents, in addition to existing corporate filing documents.

  • Expands the Commission's database to include community documents as defined in section 33-1802 for planned communities and condominium documents as defined in section 33-1202 for condominiums.

  • Limits database requirements to documents filed for corporations with a known place of business in counties with populations exceeding 800,000 persons and limited liability companies with statutory agents located in such counties.

  • Requires the Commission to post the database on its website allowing public search by entity name, approval date, and county, with information maintained for at least 90 days at no charge to entities.

  • Mandates that condominium and planned community associations file and maintain their respective documents with the Corporation Commission for inclusion in the prescribed database.

Legislative Description

Planned communities; documents; commission database

Planned Communities

Last Action

House read second time

1/22/2024

Committee Referrals

Rules1/17/2024
Regulatory Affairs1/17/2024

Full Bill Text

No bill text available