Hawaii Revised Statutes 514B-59 – Expiration of developer’s public reports
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Terms Used In Hawaii Revised Statutes 514B-59
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Developer: means a person who undertakes to develop a real estate condominium project, including a person who succeeds to the interest of the developer by acquiring a controlling interest in the developer or in the project. See Hawaii Revised Statutes 514B-3
- Project: means a real estate condominium project; a plan or project whereby a condominium of two or more units located within the condominium property regime are created. See Hawaii Revised Statutes 514B-3
Except as otherwise provided in this chapter, upon issuance of an effective date for a developer‘s public report or any amendment, the developer’s public report and amendment or amendments shall not expire until such time as the developer has sold all units in the project.