Senate Bill 120: Condominiums |
GENERAL BILL by Senator Jack Latvala Condominiums; Allowing condominium units to come into existence regardless of requirements or restrictions in a declaration; extending the amount of time that a clerk may hold a sum of money before notifying the registered agent of an association that the sum is still available and the purpose for which it was deposited; changing the requirements relating to the circumstances under which a declaration of condominium or other documents are effective to create a condominium; revising the conditions under which a developer may amend a declaration of condominium governing a phase condominium; providing for an extension of the 7-year period for the completion of a phase, etc.
Senate Committee References: Regulated Industries (RI) , Judiciary (JU) , Rules (RC) On Committee agenda - Regulated Industries, 01/24/13, 10:30 am, 301 S
Effective Date: Upon becoming a law.
PLEASE CLICK HERE FOR ORIGINALLY FILED VERSION! READ AMENDMENT ADDED IN COMMITTEE ON REGULATED INDUSTRIES |