THE SENATE |
S.B. NO. |
921 |
THIRTY-SECOND LEGISLATURE, 2023 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to limitations of actions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature further finds that a condominium association should have a reasonable opportunity to assert legal claims once the period of developer control terminates, notwithstanding the statute of repose. Accordingly, the purpose of this Act is to clarify that the tolling provision in section 514B-141 applies to the statute of repose.
SECTION 2. Section 514B-141, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c) Any statute of limitation affecting the
association's right of action against a developer is tolled until the period of
developer control terminates[.]; provided that, notwithstanding
section 657-8, no statute of repose shall affect the association's right of
action against a developer sooner than two years after the period of developer
control terminates. A unit owner is
not precluded from maintaining an action contemplated by this section because
the unit owner is a unit owner or a member or officer of the association. Liens resulting from judgments against the
association are governed by section 514B‑147."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
INTRODUCED BY: |
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Report Title:
Condominiums; Developers; Statute of Repose; Tolling
Description:
Clarifies that no statute of repose shall affect a condominium association's right of action against a condominium developer sooner than two years after the period of developer control terminates.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.