Report Title:

Condominiums; Managing Agent

Description:

Prohibits co-employment of a condominium association of apartment owners employee by the managing agent of the condominium. Effective July 1, 2099. (HB973 HD1)

HOUSE OF REPRESENTATIVES

H.B. NO.

973

TWENTY-THIRD LEGISLATURE, 2005

H.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO CONDOMINIUMS.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Act 164, Session Laws of Hawaii 2004, section 2, is amended as follows:

1. By amending subsection (c) of section    -132, Hawaii Revised Statutes, to read:

"(c) Every managing agent shall be considered a fiduciary with respect to any property managed by that managing agent. A managing agent and any of its affiliated entities shall not employ an employee of the association of the property managed by the managing agent."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2099.