168,11 Section 11. 703.09 (1) (title) of the statutes is created to read:
703.09 (1) (title) Requirements.
168,12 Section 12. 703.09 (1c) (title) of the statutes is created to read:
703.09 (1c) (title) Consent of property owners and mortgagees; declaration.
168,13 Section 13. 703.09 (2) of the statutes is amended to read:
703.09 (2) Amendment. Except as provided in sub. (4) and ss. 703.093, 703.13 (6) (c), (cm), and (d), (7) (b) and (bm), and (8) (b), (bm), and (bp), and 703.26, a condominium declaration may be amended with the written consent of at least two-thirds of the aggregate of the votes established under sub. (1) (f) or a greater percentage if provided in the declaration. An amendment becomes effective when it is recorded in the same manner as the declaration. The document submitting the amendment for recording shall state that the required consents and approvals for the amendment were received. Except as provided in sub. (2m), a unit owner's written consent is not effective unless it is approved in writing by the first mortgagee of the unit, or the holder of an equivalent security interest, if any. Approval from the first mortgage lender or equivalent security interest holder, or the person servicing the first mortgage loan or its equivalent on a unit, constitutes approval of the first mortgagee or equivalent security interest holder under this subsection.
168,14 Section 14. 703.09 (2m) (title) of the statutes is created to read:
703.09 (2m) (title) Consent of unit owners and mortgagees; amendments.
168,15 Section 15. 703.09 (3) (title) of the statutes is created to read:
703.09 (3) (title) Compensation for reduction in value; amendments.
168,16 Section 16. 703.09 (4) of the statutes is amended to read:
703.09 (4) Assignment of declarant's interest. A declarant may assign his or her rights and obligations as a declarant under this chapter by recording an amendment to the declaration that includes the assignment and an acceptance of the assignment that is signed by the assignee and acknowledged. A declarant may not assign under this subsection less than all of his or her rights and obligations as a declarant under this chapter.
168,17 Section 17 . 703.093 (1) of the statutes is amended to read:
703.093 (1) As an alternative to s. 703.09 (2), a condominium declaration may be amended under this section if at least two-thirds of the aggregate of the votes established under s. 703.09 (1) (f), or a greater percentage if provided in the declaration, consent to the amendment in writing and those consents are approved by the mortgagees or holders of equivalent security interests in the units. An amendment becomes effective when it is recorded in the same manner as the declaration.
168,18 Section 18. 703.093 (7) of the statutes is amended to read:
703.093 (7) Any person acquiring a mortgage or equivalent security interest on a unit after the affidavit is recorded under sub. (2) may notify the association in writing of the mortgage or equivalent security interest lien, identifying the unit on which it holds a lien, and signify its approval of or objection to the proposed amendment to the declaration.
168,19 Section 19. 703.095 of the statutes is renumbered 703.095 (1) and amended to read:
703.095 (1) Modifications. A recorded condominium instrument, amendment, or addendum may only be modified only by recording an amendment, addendum, or correction instrument, or by removal from the provisions of this chapter under s. 703.28 (1).
(2) Requirements. The register of deeds may not record an amendment, addendum, or correction instrument only if it does not refer the document complies with s. 703.065, if applicable, and satisfies all of the following criteria:
(a) It refers to the condominium instrument, amendment, or addendum being modified or corrected, including the document number assigned to the document being modified, and may not record an amendment or addendum unless it if volume and page numbers are assigned to the document being modified or corrected, the volume and page where the document is recorded.
(b) It is numbered consecutively or and states that it is an amendment and restatement of the condominium instrument being modified or corrected, bears the name of the condominium as it appears in the declaration, and identifies.
(c) Identifies all units in the condominium.
168,20 Section 20. 703.095 (2) (d) of the statutes is created to read:
703.095 (2) (d) Clearly states the changes being made to the condominium instrument, amendment, or addendum it is modifying or correcting.
168,21 Section 21. 703.095 (3) of the statutes is created to read:
703.095 (3) Correction instrument. A correction instrument may be used only to correct a scrivener error on a condominium plat, including erroneous distances, angles, directions, bearings, chords, building or unit numbers, and street names.
168,22 Section 22. 703.10 (5) of the statutes is amended to read:
703.10 (5) Amendment. The bylaws may be amended by the affirmative vote of unit owners having 67 percent or more of the votes. Each particular set forth in sub. (2) shall be expressed in the bylaws as amended. Following an amendment to the bylaws, the association shall promptly deliver to each unit owner a copy of the approved amendment.
168,23 Section 23. 703.11 (2) (b) of the statutes is renumbered 703.11 (2) (b) (intro.) and amended to read: