SB 754 Approval Will Save Village Funds
California Senate Bill 754, approved by Governor Gavin Newsom on October 12, amends how common interest developments manage elections to fill vacant board seats. SB 754 was sponsored by the Village in the interest of saving unnecessary expenditures and reducing unnecessary elections and their related expenses. If the association includes 6,000 or more units, SB 754 allows for election of board members by acclamation when the number of available director nominees does not exceed the number of vacant positions.
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