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June 6, 2006
THE NEW ELECTIONS LAW
SB 61 takes effect July 1, 2006. A surprising number of persons have remarked that luckily their annual meeting is in June and so they can wait a year to adopt election rules under the new law. It seems many think the new law relates only to Board elections. Not so. It also regulates elections on assessments, amendments to the governing documents, and transfer of common area for exclusive use to members. Of course, if there are no plans for any of these actions, an association can wait, but don't wait too long. And there is one more thing - SB 1560 as currently written extends the new election rules to all elections. It may or may not be signed into law, the point being, waiting is not a problem, unless it becomes a problem..
Posted by Beth Grimm at June 6, 2006 11:16 PM