BAKER
Primary
Requires principal brokers in a brokerage firm to ensure that: associated real estate licensees and other staff who assist in providing management services for common interest communities are responsive to requests from owners regarding association-related finances, documents, records, and information; and any request from the real estate commission to distribute commission-generated information, materials, or documents to an association, a board of directors, or a unit owner in a common interest community is completed within ten days after receiving the request. Clarifies that any violation of a mandatory provision of the State's condominium law by a board or its officers and members is a per se violation of the board's fiduciary duty. Provides safe harbor for a board member who votes for compliance during a board meeting. (SD1)
Carried over to 2018 Regular Session.
Referred to IAC, CPC, referral sheet 27
Pass First Reading
Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
Received from Senate (Sen. Com. No. 372) in amended form (SD 1).
Report adopted; Passed Second Reading, as amended (SD 1).
Reported from CPH (Stand. Com. Rep. No. 712) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
48 Hrs. Notice 03-07-17.
The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 5 Aye(s): Senator(s) Baker, Nishihara, S. Chang, Espero, Kidani; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Ihara, Ruderman.
The committee(s) on CPH deferred the measure until 03-01-17 10:00AM in conference room 229.
The committee(s) on CPH has scheduled a public hearing on 02-23-17 9:30AM in conference room 229.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
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| SB1263 | HTML PDF |
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| No related documents. |
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