Condominiums: Provides requirements for assessments against bulk owner; provides that rejection of plan results in failure of termination of condominium; provides requirements for unit owners facing optional termination who do not want to relinquish their property; defines "fair market value"; authorizes bulk owner or successor developer to vote to terminate condominium under certain conditions. Effective Date: July 1, 2014
Referred to Civil Justice Subcommittee; Business & Professional Regulation Subcommittee; Judiciary Committee
Now in Civil Justice Subcommittee
Died in Civil Justice Subcommittee
Relating to Condominiums by Latvala
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