CT HB06988

Master associations with 400-600 units may be terminated and dissolved with written consent of unit owners owning at least 25 percent of units in constituent common interest communities.

Upon termination, all master association assets must be conveyed to a new nonstock corporation formed within 60 days, with constituent community associations as members.

Each constituent community appoints one board member to the new nonstock corporation with equal voting rights, and shares operational costs based on the percentage of total units represented.

Superior Court has jurisdiction to enter orders necessary to implement the termination, asset transfer, and organization of the new nonstock corporation.

Unit owners whose negligence causes property damage to a unit are personally liable for that damage, effective October 1, 2015.