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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 10. (a) The executive may enter into a contract under this chapter with the homeowners association of a subdivision if the following requirements are satisfied:
(1) The contract must be executed not later than June 30, 2021.
(2) Each member of the homeowners association must be provided with a copy of the proposed contract through one (1) of the following:
(A) Physical delivery of a printed copy.
(B) Delivery by electronic mail of an electronic copy.
(C) Notification by electronic mail or other means that an electronic copy can be viewed on or downloaded from the Internet web site of the homeowners association.
(3) The proposed contract:
(A) must be approved by a majority of the members of the homeowners association in attendance at a meeting called and conducted in accordance with the requirements of the homeowners association's governing documents; or
(B) must be approved by a majority of the members of the homeowners association through alternative means, such as voting by electronic mail, that are allowed under the homeowners association's governing documents.
(b) For purposes of subsection (a)(3)(A), a member of a homeowners association is considered to be in attendance at a meeting if the member attends:
(1) in person;
(2) by proxy; or
(3) by any other means allowed under:
(A) state law; or
(B) the governing documents of the homeowners association.
(c) IC 32-25.5-3-4 does not apply to the approval of a contract under this section.
Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-9-27.8-10 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-9-27-8-10/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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