This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.
SB550,56 13Section 56. 703.275 (1c) of the statutes is created to read:
SB550,20,1414 703.275 (1c) Definitions. In this section:
SB550,20,1615 (a) “Preexisting condominium” means a condominium that existed before a
16merger or consolidation under this section.
SB550,20,1917 (b) “Restatement of the declaration of a resultant condominium” means an
18amendment to the declaration of the preexisting condominium that bears the same
19name as the resultant condominium that complies with s. 703.09.
SB550,20,2120 (c) “Resultant condominium” means a condominium that results from a merger
21or consolidation under this section.
SB550,20,2422 (d) “Resultant condominium plat” means an addendum to the plat of the
23preexisting condominium that bears the same name as the resultant condominium
24that complies with s. 703.11.
SB550,57 25Section 57. 703.275 (1m) (b) of the statutes is created to read:
SB550,21,3
1703.275 (1m) (b) 1. Except as otherwise provided in this section, a resultant
2condominium may be created only by recording all of the following, as provided under
3s. 703.07:
SB550,21,54 a. A restatement of the declaration of the resultant condominium that includes
5the merger or consolidation agreement.
SB550,21,66 b. A resultant condominium plat.
SB550,21,87 2. a. The documents under subd. 1. shall be presented together to the register
8of deeds for recording.
SB550,21,119 b. The register of deeds may not record a resultant condominium plat without
10the restatement of the declaration of the resultant condominium and the merger or
11consolidation agreement.
SB550,21,1912 c. On the plat of each preexisting condominium that is merged or consolidated
13to create a resultant condominium, the register of deeds shall reference the
14document number of the resultant condominium plat and, if the plat of the resultant
15condominium is assigned a volume and page number, the volume and page where the
16resultant condominium plat is recorded and shall note that the preexisting
17condominium was merged or consolidated. In a county that maintains a tract index
18pursuant to s. 59.43 (12m), the register of deeds shall make references to document
19numbers in the tract index.
SB550,58 20Section 58. 703.275 (5) of the statutes is repealed.
SB550,59 21Section 59 . 703.28 (1m) (a) of the statutes is repealed.
SB550,60 22Section 60 . 703.28 (1m) (b) of the statutes is renumbered 703.28 (1m) and
23amended to read:
SB550,22,324 703.28 (1m) Before a certified survey map, condominium plat, subdivision plat
25or other plat may be recorded and filed for the same property that is subject to a

1condominium declaration
, the condominium shall first be removed from the
2provisions of this chapter by recording a removal instrument. This subdivision does
3not apply to a merger or consolidation under s. 703.275.
SB550,61 4Section 61 . 703.30 (2) of the statutes is amended to read:
SB550,22,125 703.30 (2) Substantial conformity of condominium instruments and bylaws
6sufficient.
The provisions of any condominium instruments and bylaws filed
7recorded under this chapter shall be liberally construed to facilitate the creation and
8operation of the condominium. So long as the condominium instruments and bylaws
9substantially conform with the requirements of this chapter, no variance from the
10requirements shall affect the condominium status of the property in question nor the
11title of any unit owner to his or her unit, votes and percentage interests in the
12common elements and in common expenses and common surpluses.
SB550,62 13Section 62 . 703.365 (3m) of the statutes is amended to read:
SB550,22,1914 703.365 (3m) Agreement in lieu of bylaws. If approved by written consent of
15all of the unit votes of a small condominium, an agreement may be substituted for
16the bylaws under sub. (3). The terms of the agreement shall include the
17requirements of sub. (3) (a) to (d) and shall be consistent with this section. An
18amendment to an agreement may be made with the affirmative vote or written
19consent of all 75 percent of the unit votes of the small condominium.
SB550,63 20Section 63. 706.01 (7r) (b) of the statutes is amended to read:
SB550,22,2221 706.01 (7r) (b) By condominium name, and unit number, and appurtenance
22number
in a platted condominium development.
SB550,64 23Section 64. Initial applicability.
SB550,23,3
1(1) Recording and indexing requirements. The treatment of ss. 703.065,
2703.07 (2), and 703.12 first applies to deeds and other instruments that are
3submitted for recording on the effective date of this subsection.
SB550,23,64 (2) Bylaws. The treatment of s. 703.10 (5) first applies to an amendment to
5condominium bylaws that is approved under s. 703.10 on the effective date of this
6subsection.
SB550,23,97 (3) Local ordinance; review of condominium instruments. The treatment of
8s. 703.115 (1) (a) and (b) first applies to an ordinance adopted on the effective date
9of this subsection.
SB550,65 10Section 65 . Effective date.
SB550,23,1211 (1) This act takes effect on first day of the 7th month beginning after
12publication.
SB550,23,1313 (End)
Loading...
Loading...