This bill proposes updates to Arizona Revised Statutes by amending sections 10-3821, 33-1248, and 33-1804, specifically regarding the governance of property-related entities. The bill introduces new language that allows actions typically required or allowed at directors' meetings to be taken without a meeting if all directors consent, replacing the term "permitted" with "allowed." Additionally, it clarifies that this provision does not apply to entities governed by sections 33-1248 or 33-1804, ensuring that certain associations are exempt from these rules.

Furthermore, the bill specifies that both the unit owners' association and the members' association, as well as their respective boards of directors, are not subject to section 10-3821. This distinction aims to delineate the governance framework for these associations, ensuring they operate under their own set of rules rather than those applicable to other corporate entities. Overall, the bill seeks to streamline governance processes for specific property-related associations while clarifying their legal standing in relation to existing statutes.

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