Loading chat...

HI SB1263

Bill

Status

Engrossed

3/7/2017

Primary Sponsor

Rosalyn Baker

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Requires principal brokers to ensure that real estate licensees and staff assisting common interest communities (condominiums, cooperatives, planned communities, time shares) are responsive to owner requests for association-related finances, documents, records, and information.

  • Mandates that principal brokers complete any request from the real estate commission to distribute commission-generated materials to an association, board of directors, or unit owners within ten days of receiving the request.

  • Clarifies that violations of mandatory provisions of Hawaii's condominium law by a board or its officers and members constitute per se violations of fiduciary duty.

  • Provides safe harbor protection for board members who vote against board actions violating mandatory provisions of condominium law and have their dissenting vote recorded in board meeting minutes within forty-five days.

  • Effective upon approval.

Legislative Description

Relating To Real Estate.

Common Interest Communities

Last Action

Carried over to 2018 Regular Session.

11/30/2017

Committee Referrals

Intrastate Commerce3/9/2017
Commerce, Consumer Protection, and Health1/27/2017

Full Bill Text

No bill text available