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Glossary of Legislative Terms

SB 348: Purchasers of Condominium Units

GENERAL BILL by Ring

Purchasers of Condominium Units; Clarifying the voting process pertaining to reserves; adding conditions under which certain unit owners are entitled to elect at least a majority of the members of the board of administration of an association; revising the conditions under which certain grants, reservations, or contracts made by an association may be canceled; providing a directive to the Division of Law Revision and Information; limiting the rights of bulk-unit purchasers and lender-unit purchasers to vote on reserves or funding of reserves, etc.

Effective Date: 7/1/2016
 Last Action: 5/1/2015 Senate - Died in Regulated Industries, companion bill(s) passed, see CS/CS/HB 791 (Ch. 2015-97)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Regulated Industries (RI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Fiscal Policy (FP)


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Bill History

Date Chamber Action
1/14/2015 Senate • Filed
1/22/2015 Senate • Referred to Regulated Industries; Appropriations Subcommittee on General Government; Fiscal Policy -SJ 54
3/3/2015 Senate • Introduced -SJ 54
5/1/2015 Senate • Died in Regulated Industries, companion bill(s) passed, see CS/CS/HB 791 (Ch. 2015-97)