Bill > SB2629

This bill updates Texas law regarding condominium and property owners' associations to modernize their organizational and meeting procedures. The bill makes several key changes: it updates terminology for association formation from "incorporation" to "formation" and references updated Texas Corporation Law; allows associations to hold meetings through electronic and telephonic means as specified in the Business Organizations Code, including board meetings and owner meetings; permits voting to be conducted electronically; and expands voting methods for property owners' associations to include electronic ballots in addition to existing absentee and proxy voting options. These changes aim to provide more flexibility for associations in conducting meetings and voting, recognizing the increasing use of digital communication technologies. The bill specifically ensures that certain sensitive matters like fines, damage assessments, and member right suspensions cannot be decided through electronic means without giving the member an opportunity to present their position. The provisions will take effect on September 1, 2025, giving associations time to adapt to the new regulations.