Establishes the "Missouri Declaration and Bylaws Modernization Act"

Summary

The bill creates the Missouri Declaration and Bylaws Modernization Act, letting HOA boards and members change governing documents with a simple majority vote. It also requires annual budget disclosure, defines how budgets are ratified, and provides a process for electing a new board when none exists. These changes aim to streamline HOA governance and reduce litigation.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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