Montana legislation · 2025 Regular Session
Montana HB362: Revise the unit ownership act to allow a lower threshold for common element changes
Status: Chaptered, May 20, 2025
What the bill says
A bill for an act allowing the percentage of undivided interest in common elements to be amended if 75% of all unit owners agree; and amending section 70-23-403, mca.".
From the engrossed text:
A BILL FOR AN ACT ALLOWING THE PERCENTAGE OF UNDIVIDED INTEREST IN COMMON ELEMENTS TO BE AMENDED IF 75% OF ALL UNIT OWNERS AGREE; AND AMENDING SECTION 70-23-403, MCA." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 70-23-403, MCA, is amended to read: "70-23-403. Common elements -- undivided interest of unit owner. (1) Each unit owner shall must be entitled to an undivided interest in the common elements in the percentage expressed in the declaration. Such The percentage shall must be in the approximate relation that the value of the unit at the date of the declaration bears to the then combined value of all the units having an interest in the particular common elements. Value need not conform to market value. (2) The percentage of undivided interest of each unit owner in the common elements as expressed in a declaration shall may not be altered unless all 75% of the unit owners having an interest in the particular common element agree thereto to the altered percentage and record an amendment to the declaration setting forth the altered percentage of each unit owner having an interest." - END - - 1 - Authorized Print Version - HB
Sponsors
- Oblander, Greg (R, 38) · primary sponsor
Latest actions
- : (H) Died in Process
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) 3rd Reading Concurred
- : (S) Scheduled for 3rd Reading
Subjects: Property, Contracts
Common questions
- What is HB362?
- HB362 is a bill in the Montana Legislature (2025 Regular Session): Revise the unit ownership act to allow a lower threshold for common element changes.
- What does HB362 do?
- In its own words: A bill for an act allowing the percentage of undivided interest in common elements to be amended if 75% of all unit owners agree; and amending section 70-23-403, mca.".
- What is the status of HB362?
- Chaptered as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB362?
- Oblander, Greg (R, 38).
- Where is the official record for HB362?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC2621
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.