This bill proposes to amend existing statutes regarding the authority of condominium and planned community associations to take action without a meeting. Currently, under A. Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by chapters 24 through 40 of this title to be taken at a directors' meeting may be taken without a meeting if the action is taken by all of the directors..., associations can take action without a meeting if all directors consent. The bill would introduce F. This section does not apply to an entity that is subject to section 33-1248 or 33-1804 after termination of the period of declarant control. and H. after termination of the period of declarant control, The unit owners' association or the board of directors that is subject to this section is not subject to section 10-3821., effectively removing the ability of these associations to act without a meeting once declarant control has ended. Additionally, the bill specifies that the exemption from the statutory authority to take action without a meeting applies only after the termination of the period of declarant control, as indicated in 2. Specifies the exemption from statutory authority to take action without a meeting applies to condominium and planned community associations only after the termination of the period of declarant control.. This change aims to enhance transparency and ensure that all members have a say in decisions made by their associations once they are no longer under declarant control.

Statutes affected:
Introduced Version: 10-3821, 33-1248, 33-1804, 44-7002, 33-1258
House Engrossed Version: 10-3821, 33-1248, 33-1804, 44-7002, 33-1258