HAR §10-7-17. Period of declarant control

(a) As appropriate for the development and when provided in the declaration, the declarant may maintain a class B membership in the association for a fixed period while units are being awarded and first occupied. This period shall be known as the period of declarant control and shall terminate not later than the time at which all units or lots have been transferred to lessees. (b) During the period of declarant control, the declarant may appoint and remove the members of the board. 7-7 §10-7-17 (c) Not later than four months before the termination of any period of declarant control, the members shall elect a board of directors as provided in the governing documents. The declarant and the department shall coordinate with the newly member- elected board to transition from declarant control in a transparent manner that ensures the member-elected board is equipped and prepared to govern the association. [Eff AUG 1 7 2019 ] (Auth: HHC Act §222) (Imp: HHC Act §207. 5)