SB590,22,4 703.365 (3m) Agreement in lieu of bylaws. If approved by written consent of all of the unit votes of a small condominium, an agreement may be substituted for the bylaws under sub. (3). The terms of the agreement shall include the requirements of sub. (3) (a) to (d) and shall be consistent with this section. An amendment to an agreement may be made with the affirmative vote or written consent of all 75 percent of the unit votes of the small condominium.

SB590,61 Section 61. 706.01 (7r) (b) of the statutes is amended to read:

SB590,22,7 706.01 (7r) (b) By condominium name, and unit number, and appurtenance number in a platted condominium development.

SB590,62 Section 62. Initial applicability.

SB590,22,11 (1) Recording and indexing requirements. The treatment of ss. 703.065, 703.07 (2), and 703.12 first applies to deeds and other instruments that are submitted for recording on the effective date of this subsection.

SB590,22,14 (2) Bylaws. The treatment of s. 703.10 (5) first applies to an amendment to condominium bylaws that is approved under s. 703.10 on the effective date of this subsection.

SB590,22,17 (3) Local ordinance; review of condominium instruments. The treatment of s. 703.115 (1) (b) first applies to an ordinance adopted on the effective date of this subsection.

SB590,63 Section 63 . Effective date.

SB590,22,20 (1) This act takes effect on first day of the 7th month beginning after publication.

SB590,22,21 (End)