HI SB826

Requires duly noticed annual meetings at convenient, accessible locations on the island where the association is located instead of just at the condominium address.

Allows adjournment and reconvening of annual meetings up to three times within 90 days if quorum is not met, with the third meeting requiring only half the standard quorum requirement for limited business.

Limited business at meetings with reduced quorum to adopting tax resolutions and electing board members for expiring positions.

Authorizes unit owners to terminate a managing agent's contract by majority vote, with the board required to terminate within 120 days; exempts commercial-only, hotel/resort, and vacation plan properties.

Requires associations with 100 or more units to prepare budgets and accounting on an accrual basis per generally accepted accounting principles and mandates standardized commission-approved forms for unit owner record requests.