HF 3393

THIRD ENGROSSMENT

Article 1: Applicability, definitions, and other general provisions modified.

Sec. 1: Common interest owner ship applicability provisions modified.

Sec. 2: Definitions modified.

Sec. 3: Eminent domain provisions modified.

Sec. 4: Abutting publicly dedicated property vacation language provided.

Sec. 5: Unconscionable agreement or term of contract provisions modified.

Sec. 6: Notice requirement provisions modified.

Sec. 7: Recording provisions modified.

Article 2: Creation, alteration, and termination provisions modified.

Sec. 1: Common interest communities creation provisions modified.

Sec. 2: Unit boundaries provisions modified.

Sec. 3: Declaration of contents provisions modified.

Sec. 4: Flexible common interest communities declaration provisions modified.

Sec. 5: Interests allocation provisions modified.

Sec. 6: Common elements and limited common elements provisions modified.

Sec. 7: Common interest community plat provisions modified.

Sec. 8: Flexible common interest community expansion provisions modified.

Sec. 9: Unit subdivision, combination, or conversion provisions modified.

Sec. 10: Unit alteration provisions modified.

Sec. 11: Boundary relocation provisions modified between adjoining units.

Sec. 12: Declaration amendment provisions modified.

Sec. 13: Common interest community termination provisions modified.

Sec. 14: Master associations provisions modified.

Sec. 15: Common interest community severance provisions modified.

Article 3: Organization and operation provisions modified.

Sec. 1: Unit owners��� association organization provisions modified.

Sec. 2: Unit owners��� association powers provisions modified.

Sec. 3: Board of directors and officers appointment and election provisions modified; declarant of control provisions modified.

Sec. 4: Special declarant right; transfer, liability of transferor and transferee, and termination provisions modified.

Sec. 5: Contracts termination, leases, and licenses provisions modified.

Sec. 6: Bylaws annual report provisions modified.

Sec. 7: Quorum provisions modified.

Sec. 8: Voting; proxies provisions modified.

Sec. 9: Conveyance of, or creation of security interests in, common elements provisions modified.

Sec. 10: Insurance provisions modified.

Sec. 11: Replacement reserves provisions modified.

Sec. 12: Common expenses assessments provisions modified.

Sec. 13: Assessments lien provisions modified.

Sec. 14: Other liens provisions modified.

Sec. 15: Declarant duties; turnover of records provisions modified.

Sec. 16: Accounting controls provisions modified.

Article 4: Protection of purchasers provisions modified.

Sec. 1: Applicability and disclosure statement delivery provisions modified.

Sec. 2: Disclosure statement general provisions modified.

Sec. 3: Time shares provisions modified.

Sec. 4: Common interest community with building once occupied disclosure statement provisions modified.

Sec. 5: Purchaser���s right to cancel provisions modified.

Sec. 6: Units resale provisions modified.

Sec. 7: Purchaser���s right to cancel resale provisions modified.

Sec. 8: Liens release obligation provisions modified.

Sec. 9: Conversion property provisions modified.

Sec. 10: Warranties statute of limitations provisions modified.

Sec. 11: Rights of actions; attorney���s fees provisions modified.