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NC H877

Bill

Official Source

Status

Introduced

4/16/2019

Primary Sponsor

Francis Iler

Click for details

Origin

House of Representatives

2019-2020 Session

AI Summary

  • Reduces the voting threshold required to amend planned community declarations from 67% to more than 50% of allocated votes in G.S. 47F-2-117
  • Reduces the voting threshold required to amend condominium declarations from 67% to more than 50% of allocated votes in G.S. 47C-2-117
  • Allows declarations to specify a larger majority requirement if desired, or a smaller percentage only if all units or lots are restricted exclusively to nonresidential use
  • Maintains existing limitations on amendments that require unanimous consent, such as those creating or increasing special declarant rights, increasing unit numbers, or changing unit boundaries
  • Effective upon enactment and applies to all declaration amendments executed on or after the effective date

Legislative Description

HOA and Condo Declaration Amendments

Last Action

Ref to the Com on Judiciary, if favorable, Rules, Calendar, and Operations of the House

4/22/2019

Committee Referrals

Judiciary4/22/2019

Full Bill Text

No bill text available