SENATE BILL 687

File Code: Real Property

Sponsored By:

Senators Green and Hughes

Entitled:

Cooperative Housing Corporations and Homeowners Associations - Dispute Settlement Procedures

Synopsis:

Authorizing the board of directors of a cooperative housing corporation or a homeowners association to levy fines for violations of specified governing documents; requiring specified dispute settlement procedures to be followed before the board of directors may impose a fine, suspend voting, or infringe on any other right of a member or lot owner; imposing specified demand requirements, hearing notice requirements, and hearing procedures for a dispute settlement procedure; etc.

History by Legislative Date

Senate Action

2/4

First Reading Judicial Proceedings

2/16

Hearing 3/2 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator Leo E. Green, District 23

Senator Ralph M. Hughes, District 40

Bill indexed under the following Subjects:

APPEALS -see also- JUDICIAL REVIEW

CIVIL ACTIONS -see also- SMALL CLAIMS

COOPERATIVE ASSOCIATIONS

FINES

HEARINGS

HOMEOWNERS ASSOCIATIONS

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

JUDICIAL REVIEW -see also- APPEALS

NOTICES

Bill affects the following Statutes:

Corporations and Associations

( 5-6B-18.6 )

Real Property

( 11B-111.5 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered