S.B. No. 2629 amends the Texas Property Code to enhance the organization and operation of condominium unit owners' associations and property owners' associations. Key changes include the requirement for these associations to be organized as profit or nonprofit corporations, with the declarant unable to convey a unit until a certificate of formation is issued by the Secretary of State. The bill also allows meetings of the association to be conducted through various communication methods, including electronic and telephonic means, and specifies that voting can be conducted electronically.

Additionally, the bill modifies the voting methods available to property owners, mandating that they must be allowed to vote by absentee ballot, proxy, or electronic ballot, unless a dedicatory instrument states otherwise. The notice requirements for meetings are updated to align with the Business Organizations Code, ensuring that all members receive proper notification. These changes aim to modernize the governance of these associations and improve member participation in decision-making processes. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Property Code 82.101, Property Code 82.108, Property Code 82.110, Property Code 6.002 (Property Code 82, Property Code 6)
Senate Committee Report: Property Code 82.101, Property Code 82.108, Property Code 82.110, Property Code 6.002 (Property Code 82, Property Code 6)
Engrossed: Property Code 82.101, Property Code 82.108, Property Code 82.110, Property Code 6.002 (Property Code 82, Property Code 6)
House Committee Report: Property Code 82.101, Property Code 82.108, Property Code 82.110, Property Code 6.002 (Property Code 82, Property Code 6)
Enrolled: Property Code 82.101, Property Code 82.108, Property Code 82.110, Property Code 6.002 (Property Code 82, Property Code 6)