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Relating to Condominium Terminations


Effective Date: 07/01/2017 12:00 am

Summary: Revising the default procedure for the optional termination of a condominium; requiring a plan of termination to be approved by at least 90 percent of the total voting interests of the condominium; revising the requirement on who must be paid fair market value for his or her unit after rejecting a plan of termination, etc.

Sponsor(s): Latvala