PLEASE NOTE:  The Amendments in this newsletter ONLY apply to condominium associations.

Amendments Under House Bill 1237 Accomplished Little More Than Discouraging Service on the Board:

  • Volunteer Officers and Directors Put On Notice of Potential for Criminal Prosecution
  • Immunities Eroded
  • Presumed Guilty Until Proven Innocent
  • No Dual Representation
  • Directors/Managers May Not Buy Distressed Units
  • Conflicting Conflict of Interest Rules
  • Suspension of Voting Rights Requires Prior Notice & Delinquency of at Least $1,000
  • Voting Rights for Units in Receivership Suspended
  • Arbitration Reforms
  • Website Requirement for Condos with 150 or More Units

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