House File 895 - Introduced



                                      HOUSE FILE       
                                      BY  COMMITTEE ON WAYS AND MEANS

                                      (SUCCESSOR TO HSB 300)


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the amendment of the bylaws of a horizontal
  2    property regime.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2727HV 82
  5 mg/je/5

PAG LIN



  1  1    Section 1.  Section 499B.15, subsection 6, Code 2007, is
  1  2 amended to read as follows:
  1  3    6.  The percentage of votes required to amend the bylaws
  1  4 which percentage shall not exceed seventy=five percent of the
  1  5 apartment owners.
  1  6                           EXPLANATION
  1  7    Under present law for horizontal property regimes
  1  8 (condominiums) no specific percentage of votes are needed to
  1  9 amend the bylaws.  This bill specifies that the percentage of
  1 10 votes required to amend the bylaws shall not exceed 75 percent
  1 11 of the apartment owners.
  1 12 LSB 2727HV 82
  1 13 mg:rj/je/5