Hawaii 2022 Regular Session

Hawaii House Bill HB2281 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	HOUSE OF REPRESENTATIVES H.B. NO. 2281 THIRTY-FIRST LEGISLATURE, 2022 STATE OF HAWAII A BILL FOR AN ACT relating to planned community associations. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
2	2
3	3	HOUSE OF REPRESENTATIVES H.B. NO. 2281
4	4	THIRTY-FIRST LEGISLATURE, 2022
5	5	STATE OF HAWAII
6	6
7	7	HOUSE OF REPRESENTATIVES
8	8
9	9	H.B. NO.
10	10
11	11	2281
12	12
13	13	THIRTY-FIRST LEGISLATURE, 2022
14	14
15	15
16	16
17	17	STATE OF HAWAII
18	18
19	19
20	20
21	21
22	22
23	23
24	24
25	25
26	26
27	27
28	28
29	29
30	30
31	31	A BILL FOR AN ACT
32	32
33	33
34	34
35	35
36	36
37	37	relating to planned community associations.
38	38
39	39
40	40
41	41
42	42
43	43	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
44	44
45	45
46	46
47	47	SECTION 1. Section 421J-5, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows: "(e) A director who has a conflict of interest on any issue before the board shall disclose the nature of the conflict of interest prior to a vote on that issue at the board meeting, and the minutes of the meeting shall record the fact that a disclosure was made. A director's failure to disclose a conflict of interest shall constitute a breach of the director's duty of loyalty and the director may be automatically removed from the board, liable to the association for monetary damages, and disqualified from future service on the board." SECTION 2. New statutory material is underscored. SECTION 3. This Act shall take effect upon its approval. INTRODUCED BY: _____________________________
48	48
49	49	SECTION 1. Section 421J-5, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
50	50
51	51	"(e) A director who has a conflict of interest on any issue before the board shall disclose the nature of the conflict of interest prior to a vote on that issue at the board meeting, and the minutes of the meeting shall record the fact that a disclosure was made. A director's failure to disclose a conflict of interest shall constitute a breach of the director's duty of loyalty and the director may be automatically removed from the board, liable to the association for monetary damages, and disqualified from future service on the board."
52	52
53	53	SECTION 2. New statutory material is underscored.
54	54
55	55	SECTION 3. This Act shall take effect upon its approval.
56	56
57	57
58	58
59	59	INTRODUCED BY: _____________________________
60	60
61	61	INTRODUCED BY:
62	62
63	63	_____________________________
64	64
65	65
66	66
67	67
68	68
69	69	Report Title: Planned Community Associations; Conflicts of Interest; Damages Description: Specifies that a director's failure to disclose a conflict of interest shall constitute a breach of the director's duty of loyalty and the director may be automatically removed from the board, liable to the association for monetary damages, and disqualified from future service on the board. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
70	70
71	71
72	72
73	73
74	74
75	75	Report Title:
76	76
77	77	Planned Community Associations; Conflicts of Interest; Damages
78	78
79	79
80	80
81	81	Description:
82	82
83	83	Specifies that a director's failure to disclose a conflict of interest shall constitute a breach of the director's duty of loyalty and the director may be automatically removed from the board, liable to the association for monetary damages, and disqualified from future service on the board.
84	84
85	85
86	86
87	87
88	88
89	89
90	90
91	91	The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.