LRB-4752/1

FFK:skw

2019 - 2020 LEGISLATURE

2019 Senate BILL 550

November 8, 2019 - Introduced by Senators Olsen, Cowles and Petrowski, cosponsored by Representatives Ballweg, Milroy, Murphy, Novak, Spiros, VanderMeer, Vruwink and Edming. Referred to Committee on Utilities and Housing.

SB550,2,2 An Act to repeal 703.275 (5) and 703.28 (1m) (a); to renumber 703.13 (7) (a) and 703.275 (1) (title); to renumber and amend 703.095, 703.11 (2) (b), 703.13 (6) (c), 703.26 (2) (b), 703.275 (1) and 703.28 (1m) (b); to consolidate, renumber and amend 703.08 (2) (intro.), (a) and (b); to amend 703.02 (1b), 703.02 (1h), 703.02 (3), 703.02 (6m), 703.02 (14g), 703.07 (2), 703.09 (2), 703.09 (4), 703.093 (1), 703.093 (7), 703.10 (5), 703.11 (2) (d), 703.11 (5), 703.115 (1) (a), 703.115 (1) (b), 703.12, 703.13 (4), 703.13 (6) (d), 703.13 (6) (e), 703.13 (6) (f), 703.13 (7) (b), 703.13 (7) (c), 703.13 (7) (d), 703.13 (8) (b), 703.13 (8) (c), 703.163 (11), 703.165 (3), 703.19 (5), 703.26 (2) (intro.), 703.26 (2) (a), 703.26 (2) (c), 703.26 (2) (d), 703.26 (3), 703.265 (3), 703.30 (2), 703.365 (3m) and 706.01 (7r) (b); and to create 703.02 (3m), 703.02 (8m), 703.065, 703.09 (1) (title), 703.09 (1b), 703.09 (1c) (title), 703.09 (2m) (title), 703.09 (3) (title), 703.095 (2) (d), 703.095 (3), 703.11 (2) (b) 3., 703.13 (7) (ac), 703.26 (3) (d), 703.275 (1c) and 703.275 (1m) (b) of the statutes; relating to: requirements related to condominium documents and technical changes to condominium law.

Analysis by the Legislative Reference Bureau

This bill makes various changes to condominium law and clarifies requirements related to various types of condominium documents.

General recording requirements; condominium instruments

This bill specifies that every instrument related to a condominium other than a plat or an addendum (a modification to a plat) that is offered to a register of deeds for recording must meet the following criteria: