SB12-024 - Residential Nonprofit Corp Refunds Open Meetings

Passed/Signed into Law
Concerning The Obligations Of A Residential Nonprofit Corporation To Its Residential Members, And, In Connection Therewith, Clarifying Open Meeting Provisions And Limiting The Conditions Under Which The Corporation Must Refund Moneys Paid By A Residential Member.

Section 1 of the bill relieves a residential nonprofit corporation of its current obligations to:

  • Refund the entrance fee of a residential member within 90 days after the member's resignation, termination, expulsion, or suspension from the corporation; and
  • Hold a member or his or her heirs harmless from liability for any periodic payments due more than 30 days after the member's termination due to death or another reason beyond the member's control.

Section 2 specifies that meetings of a committee of the board of directors that is not authorized to take final action on the board's behalf are not subject to open meeting and published agenda requirements.

Senate Committees

Latest update: March 22, 2012
03/22/2012 Governor Action - Signed
03/14/2012 Sent to the Governor
03/14/2012 Signed by the Speaker of the House
03/12/2012 Signed by the President of the Senate
03/07/2012 Senate Considered House Amendments - Result was to Concur - Repass
03/05/2012 House Third Reading Passed
03/02/2012 House Second Reading Passed with Amendments
02/28/2012 House Committee on Economic and Business Development Refer Amended to House Committee of the Whole
02/06/2012 Introduced In House - Assigned to Economic and Business Development
01/31/2012 Senate Third Reading Passed
01/31/2012 Senate Third Reading Passed
01/31/2012 Senate Third Reading Reconsidered
01/30/2012 Senate Second Reading Passed
01/27/2012 Senate Second Reading Laid Over Daily
01/24/2012 Senate Committee on Local Government Refer Unamended - Consent Calendar to Senate Committee of the Whole
01/11/2012 Introduced In Senate - Assigned to Local Government