Bill Text: GA SB136 | 2011-2012 | Regular Session | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Property; provide for transfer of control of a condominium association in certain circumstances
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-07-01 - Effective Date [SB136 Detail]
Download: Georgia-2011-SB136-Comm_Sub.html
Bill Title: Property; provide for transfer of control of a condominium association in certain circumstances
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-07-01 - Effective Date [SB136 Detail]
Download: Georgia-2011-SB136-Comm_Sub.html
12 LC 29
5023S
The
Senate Judiciary Committee offered the following substitute to SB
136:
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 44-3-101 of the Official Code of Georgia Annotated, relating
to control of the condominium association by the declarant, so as to provide for
transfer of control of a condominium association in certain circumstances; to
provide for related matters; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 44-3-101 at the Official Code of Georgia Annotated, relating to control
of the condominium association by the declarant, is amended by inserting a new
subsection (c) and redesignating former subsection (c) as follows:
"(c)
Notwithstanding
and prior to the usual expiration of the period of the declarant's right to
control the association pursuant to subsection (a) of this Code section, the
right to control also may pass to the unit owners as provided in this subsection
if the declarant fails to do any of the following: (1) incorporate the
association pursuant to subsection (a) of Code Section 44-3-100; (2) cause the
board of directors to be duly appointed and the officers to be elected pursuant
to subsection (b) of Code section 44-3-100; (3) maintain and make available to
owners, upon written request, a list of the names and business or home addresses
of the association's current directors and officers; (4) call meetings of the
members of the association in accordance with the provisions of the
association's bylaws at least annually pursuant to Code Section 44-3-102; or (5)
prepare an annual operating budget and establish the annual assessment and
distribute the budget and notice of assessment to the owners in accordance with
the condominium instruments no later than 30 days after the beginning of the
association's fiscal year. In the event that the declarant fails to meet one or
more of the obligations of this subsection, then any owner, acting individually
or jointly with other owners, may send the declarant written notice of the
failure to comply with such requirements and provide the declarant a 30 day
opportunity to cure the failure; and such notice shall be sent by certified mail
or statutory overnight
delivery to the declarant's principal office. If the declarant fails to cure
any or all deficiencies identified in the notice within 30 days of such notice,
then any owner, acting individually or jointly with other owners, may file a
petition in the superior court of the county in which any portion of the
condominium is located in order to obtain an order to grant the owners control
of the association. The superior court shall have authority to hold a hearing
and issue a summary ruling on said petition at any time designated by the court
not earlier than 20 days after the service thereof, unless the parties consent
in writing to an earlier trial. If the owners prevail in such action, then the
superior court shall award to the owners all reasonable attorney's fees and
costs incurred by the owners for the prosecution of such action.
(d)
In addition to any right of termination set forth therein, any management
contract, any lease of recreational area or facilities, or any other contract or
lease executed by or on behalf of the association during the period of the
declarant's right to control the association pursuant to subsection (a) of this
Code section shall be subject to cancellation and termination at any time during
the 12 months following the expiration of such control period by the affirmative
vote of the unit owners of units to which a majority of the votes in the
association pertain, unless the unit owners by a like majority shall have
theretofore, following the expiration of such control period, expressly ratified
and approved the same."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.