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2009 Regular Session bill information current as of November 30, 2009 - 6:04 p.m.
Became Law - Governor Signed
Sponsors Title Synopsis History Subjects Statutes Documents Another Session Another Bill

SENATE BILL 541

CHAPTER NUMBER: 77
File Code: Real Property
Crossfiled with: HOUSE BILL 687

Sponsored By:
Senator Kelley

Entitled:
Common Ownership Communities - Fidelity Insurance

Synopsis:

Requiring specified governing bodies of a cooperative housing corporation, a condominium, or a homeowners association to purchase fidelity insurance not later than the time of the first sale of a cooperative interest with respect to a unit to a person other than the developer and to keep the insurance in place each year thereafter; requiring the fidelity insurance to provide for the indemnification of the common ownership community against loss resulting from specified acts or omissions of specified persons; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. Explain Legislative Date and Calendar Date
Senate Action
2/5
First Reading Judicial Proceedings
Hearing 2/25 at 1:00 p.m.
3/17
Favorable with Amendments Report by Judicial Proceedings
3/18
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (44-0)
4/3
Returned Passed
House Action
3/20
First Reading Environmental Matters
3/25
Hearing 4/2 at 1:00 p.m.
4/6
Favorable Report by Environmental Matters
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (133-0)
Action after passage in Senate and House
4/14
Approved by the Governor
- Chapter 77

Bill indexed under the following Subjects:

Alternative Dispute Resolution -see also- Arbitra; Mediation
Attorney General
Condominiums
Consumer Protection -see also- Unfair Trade Practices
Cooperative Associations
Crimes and Punishments -see also- Penalties; Sentences; etc.
Fraud -see also- Forgery
Homeowners Associations
Housing -see also- Apartments; Condominiums; Mobile Homes
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Liability -see also- Good Samaritan
Records -see also- Land Records; Vital Records

Bill affects the following Statutes:

Corporations and Associations
( 5-6B-18.6 )

Real Property
( 11-114.1 , 11B-111.6 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments (Displayed in PDF Format):
Senate
Number: 438977/01     Offered on: March 18, 2009   at: 11:29 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):
Senate
March 20, 2009: Third Reading Passed (44-0)
House
April 1, 2009: Third Reading Passed (133-0)



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