HI HB2656

Establishes procedures for condominium association annual meetings when a quorum cannot be obtained, requiring the association to continue the meeting at least once within ninety days or the board must call a continuation within ninety days.

Reduces the quorum requirement at continued meetings to one-half of the requirement stated in the bylaws.

Grants the board of directors authority to employ and terminate a managing agent, subject to approval by majority vote of unit owners at an association meeting.

Limits managing agent contracts to a maximum of three months after termination, requiring the board to employ a different managing agent.

Exempts condominium projects where a majority of units are submitted to vacation plans or time share plans from the managing agent employment and termination requirements.

Takes effect on July 1, 2014.