Bill > HB2128

This bill clarifies that certain provisions regarding action without a meeting, which allow for decisions to be made by written consent of all directors instead of holding a formal meeting, do not apply to homeowners' associations (HOAs) and condominium associations after the developer's control period has ended. Specifically, it amends laws related to corporations (section 10-3821), condominiums (section 33-1248), and planned communities (section 33-1804) to ensure that after the developer is no longer in charge, these associations must adhere to their specific open meeting and notice requirements, rather than the more general corporate rules for action without a meeting. This means that once the developer relinquishes control, HOAs and condominium associations will be fully subject to the stricter transparency and participation rules outlined in the condominium and planned community statutes, ensuring members are informed and have opportunities to participate in decision-making processes.

Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/83773