Bill Text: HI SB1284 | 2020 | Regular Session | Introduced
Bill Title: Relating To Condominiums.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-12-01 - Carried over to 2020 Regular Session. [SB1284 Detail]
Download: Hawaii-2020-SB1284-Introduced.html
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THE SENATE |
S.B. NO. |
1284 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO CONDOMINIUMs.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 514B, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§514B- Board;
limitation; required education. (a) Each director shall complete a two-hour
self-governance orientation by the association's legal counsel. The orientation shall cover the following:
(1) The
association's governing documents;
(2) The director's
fiduciary duty;
(3) Any applicable
code of conduct;
(4) Conflicts of
interest;
(5) The business
judgment rule;
(6) Confidentiality
of executive session matters; and
(7) Any other
information the board may deem necessary.
(b) The orientation shall be completed by a
director within ninety days of the director's initial election or appointment;
provided that a director shall not be required to complete the orientation upon
any subsequent election or appointment.
(c) Upon completion of the orientation, the
director shall receive a certificate or letter certifying the completion of the
orientation. The director shall submit
the certificate or letter to the board.
(d) Each board shall enforce compliance with this section. Failure to complete the orientation in accordance with subsections (b) and (c) shall result in the noncomplying director's automatic removal from the board."
SECTION 2. Each director serving on a board of a condominium association on the effective date of this Act may serve until that director's current term expires without regard to the requirements of this Act. All directors elected or appointed after the effective date of this Act shall comply with the requirements set forth in section 1 of this Act.
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2019.
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INTRODUCED BY: |
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Report Title:
Condominium Associations; Boards of Directors
Description:
Establishes educational requirements of a condominium association director.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
