[§421I-8]  Notification of assessment
increases.  (a)  The board of directors shall notify the
shareholders in writing of any increase in assessments for common expenses, at
least thirty days prior to the increase.



(b)  As used in this section, "assessments
for common expenses" means any amounts collected from shareholders
pursuant to the terms of the corporation's bylaws, articles of incorporation,
or proprietary leases, for the operation, maintenance, management, repair,
replacement, and improvement of the land, buildings, and any other real or
personal property owned or leased by the corporation. [L 1993, c 282, pt of §1]