R.I. Gen. Laws §34-36.1-3.03
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Rhode Island Condominium Act — Executive Board Members and Officers
Establishes board powers and fiduciary duties. Declarant-appointed members owe a fiduciary standard of care; elected members owe ordinary and reasonable care. Budget ratification requires a summary to all owners within 30 days and a meeting 14-30 days after mailing — budget passes unless a majority of all unit owners rejects it. Declarant control ends at the earliest of: 80 percent conveyance, 2 years after sales cessation, or 2 years after development rights end.
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Governance
| Ref | Requirement |
|---|---|
| Declarant-appointed members owe a fiduciary standard of care; elected members owe ordinary and reasonable care. | |
| Budget ratification requires a summary to all owners within 30 days and a meeting 14-30 days after mailing — budget passes unless a majority of all unit owners rejects it. | |
| Establishes board powers and fiduciary duties. | |
| Declarant control ends at the earliest of: 80 percent conveyance, 2 years after sales cessation, or 2 years after development rights end. |
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