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HI SB627

Bill

Status

Engrossed

3/7/2017

Primary Sponsor

Les Ihara

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Establishes that any violation of mandatory condominium law provisions by a board of directors or its officers and members constitutes a per se breach of fiduciary duty, with a safe harbor for board members who vote against the violation and create a written record of disagreement within 45 days.

  • Permits association members to participate in board deliberations and discussions (outside executive sessions) pursuant to owner participation rules that the board may adopt and must notify all owners about.

  • Requires board meeting notices to include a list of business items expected to be on the agenda.

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

  • Effective date: July 1, 2059.

Legislative Description

Relating To Condominiums.

Condominiums

Last Action

Received notice of discharge of conferees (Hse. Com. No. 385).

3/15/2018

Committee Referrals

Consumer Protection & Commerce3/9/2017
Commerce, Consumer Protection, and Health1/23/2017

Full Bill Text

No bill text available