Page 3 - Civil Code Section News Today

Corporate suspension is a very serious matter. Suspended corporations are not recognized by the law as existing.

The law requires HOAs to keep their corporate status current, and failure can be disastrous.

To determine whether an association is incorporated, look at the first page of the HOA’s bylaws.

Most homeowner associations benefit from having written reasonable meeting rules fostering more mature meeting conduct. Such rules could cover how a virtual element of the meeting is set up.

Hi Kelly, I wanted to get further clarification regarding the new Civil Code Section 4926. My simple question, which relates to your recent Q&A article covering this topic is, does the board have sole discretion to decide that meetings will be solely telephonic/virtual?

Civil Code Section 4926 now allows boards to meet completely in virtual or telephonic mode, so long as certain notifications are announced to the members.

HOA boards may increase regular assessments up to 20 percent per fiscal year without a vote of the homeowners.

Hi Kelly, we just received a notice two days ago that our HOA assessments will increase 10%. The new increase takes effect in 3 weeks.

Any assessment increase must be announced to each member at least 30 days before the increased assessment becomes due

Among several key changes, purely virtual board meetings are allowed beginning in 2024.