SB 235

Bill Subjects

Budget Condominiums Meetings Replacement Reserves State Of Emergency

Abstract

Repeals the provision relating to electronic voting devices. Clarifies that, notwithstanding any provision to the contrary in the declaration or bylaws, association meetings may be conducted by means of Internet, teleconference, or other electronic transmission technology that complies with Hawaii's Nonprofit Corporations Act. Provides that, except as otherwise specifically restricted by the declaration or bylaws, any action that may be taken at any annual, regular, or special meeting of members may be taken without a meeting by approval by ballot as provided in Hawaii's Nonprofit Corporations Act. In the event of an emergency or pandemic that adversely impacts the association's revenue, authorizes board to, without notice or approval of unit owners, use the association's replacement reserves or borrow money for operating expenses, and may grant the lender the right to assess and collect monthly or special assessments from the unit owners, and to enforce the payment of assessments or other sums by statutory lien and foreclosure proceedings.