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HI SB2662
Bill
Status
1/22/2016
Primary Sponsor
Rosalyn Baker
Click for details
AI Summary
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Clarifies that removal or replacement of a director elected by a class of unit owners requires a majority vote only from that specific class, not all unit owners.
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Authorizes condominium associations to cast votes for director elections when the association owns a nonresidential unit in a mixed-use project with separate voting classes for residential and nonresidential units.
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Applies only to mixed-use projects where directors representing residential units are elected by residential unit owners and directors representing nonresidential units are elected by nonresidential unit owners.
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Takes effect upon approval.
Legislative Description
Condominium; Associations; Board of Directors; Mixed-use Projects; Elections
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDL.
2/18/2016