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HI SB627
Bill
AI Summary
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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.
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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.
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Requires board meeting notices to include a list of business items expected to be on the agenda.
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Reduces the timeline for making unapproved final drafts of board meeting minutes available to owners from 60 days to 14 days after the meeting.
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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