Section 64.34.392 - [Repealed Effective 1/1/2028] Reserve account and study-Exemption-Disclosure(1) Except as provided in RCW 64.90.080 and 64.90.545, a condominium association with ten or fewer unit owners is not required to follow the requirements under RCW 64.34.380 through 64.34.390 if two-thirds of the owners agree to exempt the association from the requirements.(2) The unit owners must agree to maintain an exemption under subsection (1) of this section by a two-thirds vote every three years.(3) Notwithstanding subsections (1) and (2) of this section, a disclosure that the condominium association does not have a reserve study must be included in a unit's public offering statement as required under RCW 64.34.410 or resale certificate as required under RCW 64.34.425.
RCW 64.34.392
Repealed by 2024 c 321,§ 502, eff. 1/1/2028.Amended by 2019 c 238,§ 221, eff. 7/28/2019. 2009 c 307 § 1.