SB627 Summary

• Establishes that any violation of Hawaii's condominium law by a board of directors or its officers and members constitutes a per se violation of fiduciary duty, but provides a safe harbor allowing a board member to avoid liability by voting against the violating action and having the vote recorded in meeting minutes within 45 days.

• Authorizes condominium boards to establish rules for owner participation in board meeting deliberations and discussions (outside executive sessions) and requires boards to notify all owners of any adopted or amended rules.

• Requires board meeting notices to include a list of business items expected to be on the meeting agenda, in addition to existing posting requirements.

• Reduces the timeline for making unapproved final drafts of board meeting minutes available to owners from 60 days to 14 days after the meeting.

• Takes effect July 1, 2059.