Loading chat...

HI HB832

Bill

Status

Passed

7/7/2017

Primary Sponsor

Sam Kong

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • Reduces the timeline for providing unapproved final drafts of board meeting minutes from 60 days to 30 days after the meeting.

  • 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

Committee Referrals

Commerce, Consumer Protection, and Health3/9/2017
Consumer Protection & Commerce1/27/2017

Full Bill Text

No bill text available