Report Title:

Phased Real Estate Projects; Power of Attorney

Description:

Authorizes granting of power of attorney to owners association for phased real estate projects for purpose of receiving notice or service of process.

HOUSE OF REPRESENTATIVES

H.B. NO.

2830

TWENTY-FIRST LEGISLATURE, 2002

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to phased real estate projects.

 

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

SECTION 1. Chapter 501, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§501- Phased real estate projects; power of attorney. The declaration governing a real estate project to be developed in phases, or the deed conveying an interest in a real estate project to be developed in phases, may contain a power of attorney appointing the apartment owners association, time share owners association, or other association of owners of interests in the real estate project, as the attorney in fact for purpose of receiving any notice or service of process required by this chapter in connection with the development of the real estate project in phases. Upon receipt of any such notice, the apartment owners association, time share owners association, or other association of owners of interests in the real estate project shall send a copy of the notice to the members of the association in the same manner provided for giving notice of meetings of the association. The failure of any owner to receive such notice from the association shall not render invalid the notice given by the developer to the association nor require that the developer provide any other or further notice."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

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