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HI SB2404
Bill
AI Summary
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Amends Hawaii Revised Statutes Section 514B-123(e) to modify standard proxy form requirements for condominium unit owners' associations.
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Removes the requirement for a proxy form box allowing owners to give proxy to the board as a whole with votes decided by majority preference of directors present.
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Replaces removed option with a new box allowing owners to direct their proxy to all directors present at the meeting with the vote shared equally among each director.
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Retains existing proxy options for quorum purposes only and for individual named proxies.
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Takes effect July 1, 3000.
Legislative Description
Relating To Condominiums.
Condominiums
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on JHA with Representative(s) Hussey-Burdick voting aye with reservations; Representative(s) Kong, Pierick voting no (2) and Representative(s) Cochran, Ganaden, Gates, Martinez, Quinlan excused (5).
3/15/2024