HB 73- Omnibus Legislation -
This bill containing 74 pages is a "stripped down" version of a bill which passed the House last year but failed to obtain Senate approval. It contains a potpourri of changes to the Condominium Act, the Cooperative Act and the Homeowners' Associations Act (HOA Act). Some of the changes to the Condominium Act and HOA Act are summarized below.
(a) Prohibits directors from serving more than a one-year term unless a two year term was permitted by the Association's articles or by-laws...
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