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186:1 New Paragraph; Condominium Act; Adoption of Budgets and Special Assessments; Emergency. Amend RSA 356-B:40-c by inserting after paragraph III the following new paragraph:
IV. For the purposes of this section, an "emergency" means a situation that requires immediate action by the board of directors where a danger to the structural integrity of the common areas is discovered or to the life and safety of property unit owners or as required by a court order or to respond to any legal or administrative proceeding brought against the association that could not have been reasonably foreseen by the board in preparing and distributing the annual operating budget.
186:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 08, 2018
Effective Date: August 07, 2018
Text to be added highlighted in green.
186:1 New Paragraph; Condominium Act; Adoption of Budgets and Special Assessments; Emergency. Amend RSA 356-B:40-c by inserting after paragraph III the following new paragraph:
IV. For the purposes of this section, an "emergency" means a situation that requires immediate action by the board of directors where a danger to the structural integrity of the common areas is discovered or to the life and safety of property unit owners or as required by a court order or to respond to any legal or administrative proceeding brought against the association that could not have been reasonably foreseen by the board in preparing and distributing the annual operating budget.
186:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 08, 2018
Effective Date: August 07, 2018