AB598,55 25Section 55. 703.275 (1c) of the statutes is created to read:
AB598,20,1
1703.275 (1c) Definitions. In this section:
AB598,20,32 (a) “Preexisting condominium” means a condominium that existed before a
3merger or consolidation under this section.
AB598,20,64 (b) “Restatement of the declaration of a resultant condominium” means an
5amendment to the declaration of the preexisting condominium that bears the same
6name as the resultant condominium that complies with s. 703.09.
AB598,20,87 (c) “Resultant condominium” means a condominium that results from a merger
8or consolidation under this section.
AB598,20,119 (d) “Resultant condominium plat” means an addendum to the plat of the
10preexisting condominium that bears the same name as the resultant condominium
11that complies with s. 703.11.
AB598,56 12Section 56. 703.275 (1m) (b) of the statutes is created to read:
AB598,20,1513 703.275 (1m) (b) 1. Except as otherwise provided in this section, a resultant
14condominium may be created only by recording all of the following, as provided under
15s. 703.07:
AB598,20,1716 a. A restatement of the declaration of the resultant condominium that includes
17the merger or consolidation agreement.
AB598,20,1818 b. A resultant condominium plat.
AB598,20,2019 2. a. The documents under subd. 1. shall be presented together to the register
20of deeds for recording.
AB598,20,2321 b. The register of deeds may not record a resultant condominium plat without
22the restatement of the declaration of the resultant condominium and the merger or
23consolidation agreement.
AB598,21,624 c. On the plat of each preexisting condominium that is merged or consolidated
25to create a resultant condominium, the register of deeds shall reference the

1document number of the resultant condominium plat and, if the plat of the resultant
2condominium is assigned a volume and page number, the volume and page where the
3resultant condominium plat is recorded and shall note that the preexisting
4condominium was merged or consolidated. In a county that maintains a tract index
5pursuant to s. 59.43 (12m), the register of deeds shall make references to document
6numbers in the tract index.
AB598,57 7Section 57. 703.275 (5) of the statutes is repealed.
AB598,58 8Section 58 . 703.28 (1m) (a) of the statutes is repealed.
AB598,59 9Section 59 . 703.28 (1m) (b) of the statutes is renumbered 703.28 (1m) and
10amended to read:
AB598,21,1511 703.28 (1m) Before a certified survey map, condominium plat, subdivision plat
12or other plat may be recorded and filed for the same property that is subject to a
13condominium declaration
, the condominium shall first be removed from the
14provisions of this chapter by recording a removal instrument. This subdivision does
15not apply to a merger or consolidation under s. 703.275.
AB598,60 16Section 60 . 703.30 (2) of the statutes is amended to read:
AB598,21,2517 703.30 (2) Substantial conformity of condominium instruments and bylaws
18sufficient.
The provisions of any condominium instruments recorded and any
19bylaws filed required under this chapter shall be liberally construed to facilitate the
20creation and operation of the condominium. So long as the condominium
21instruments and bylaws substantially conform with the requirements of this
22chapter, no variance from the requirements shall affect the condominium status of
23the property in question nor the title of any unit owner to his or her unit, votes and
24percentage interests in the common elements and in common expenses and common
25surpluses.
AB598,61
1Section 61. 703.365 (3m) of the statutes is amended to read:
AB598,22,72 703.365 (3m) Agreement in lieu of bylaws. If approved by written consent of
3all of the unit votes of a small condominium, an agreement may be substituted for
4the bylaws under sub. (3). The terms of the agreement shall include the
5requirements of sub. (3) (a) to (d) and shall be consistent with this section. An
6amendment to an agreement may be made with the affirmative vote or written
7consent of all 75 percent of the unit votes of the small condominium.
AB598,62 8Section 62. 706.01 (7r) (b) of the statutes is amended to read:
AB598,22,109 706.01 (7r) (b) By condominium name, and unit number, and appurtenance
10number
in a platted condominium development.
AB598,63 11Section 63. Initial applicability.
AB598,22,1412 (1) Recording and indexing requirements. The treatment of ss. 703.065,
13703.07 (2), and 703.12 first applies to deeds and other instruments that are
14submitted for recording on the effective date of this subsection.
AB598,22,1715 (2) Bylaws. The treatment of s. 703.10 (5) first applies to an amendment to
16condominium bylaws that is approved under s. 703.10 on the effective date of this
17subsection.
AB598,22,2018 (3) Local ordinance; review of condominium instruments. The treatment of
19s. 703.115 (1) (b) first applies to an ordinance adopted on the effective date of this
20subsection.
AB598,64 21Section 64 . Effective date.
AB598,22,2322 (1) This act takes effect on first day of the 7th month beginning after
23publication.
AB598,22,2424 (End)
Loading...
Loading...