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HI HB832
Bill
Status
7/7/2017
Primary Sponsor
Sam Kong
Click for details
AI Summary
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Clarifies that condominium board violations of mandatory provisions regarding mediation and arbitration (sections 514B-161 and 514B-162) may constitute a breach of fiduciary duty, with a safe harbor allowing board members to avoid liability by written disagreement or rescission within 45 days.
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Requires condominium boards to establish written rules for owner participation in board deliberations and discussions at open meetings, and mandates notification of all owners regarding these participation rules.
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Mandates that board meeting notices include a list of business items expected to be on the meeting agenda and must be posted 72 hours before the meeting.
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Reduces the timeline for providing unapproved final drafts of board meeting minutes from 60 days to 30 days after the meeting.
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Takes effect on July 1, 2017.
Legislative Description
Relating To Condominiums.
Condominiums
Last Action
Act 081, 07/05/2017 (Gov. Msg. No. 1182).
7/7/2017