Status on Cumulative Voting Bill

On March 11, 2004, I reported on a House Consumer Protection Hearing on a bill relating to cumulative voting. The committee passed out amended version of the bill and the bill will be going to conference committee.

SB1798 HD1 This bill would eliminate condominium associations from the coverage of the cumulative voting sections of the nonprofit corporation act. There really is no reason to treat condominiums differently from other nonprofit corporations. The nonprofit corporation act recognizes that cumulative voting takes away power from the majority. As a result, the law requires that notice be given and a member request cumulative voting before it be applied. The House placed an effective date of 2099 to insure that further discussion is held on the bill.

If you wish to make your comments known, you should contact Representative Ken Hiraki and Senator Ron Menor before the conference committee meets.