[§421J-7.5]  Restatement of associationdocuments.  (a)  Notwithstanding any provision of this chapter, anassociation, by a resolution adopted by the board, may at any time restate theassociation documents of the association to include amendments to theassociation documents.

(b)  An association, by a resolution adopted bythe board, may at any time, restate the association documents of theassociation to amend the association documents as necessary to conform withthis chapter or any other applicable law, ordinance, or rule; provided that anyassociation documents restated pursuant to this section shall:

(1)  Identify each portion so restated;

(2)  Contain a statement that those portions have beenrestated solely for purposes of information and convenience;

(3)  Identify the law, ordinance, or rule implementedby the amendment; and

(4)  Contain a statement that, in the event of anyconflict, the restated association documents shall be subordinate to the citedlaw, ordinance, or rule.

The restated association documents shall beeffective for all purposes as if adopted by a vote or written consent of themembers.

(c)  Upon the adoption of a resolution pursuantto subsection (a) or (b), the restated association documents shall state all ofthe operative provisions of the original association documents, together with astatement that the restated association documents correctly state thecorresponding provisions of the association documents, and that the restatedassociation documents supersede the original association documents and anyrelative amendments.

(d)  A restated association document shall berecorded if the original document was recorded and the restated associationdocuments shall supersede the original association documents and any relativeamendments.  In the event of any conflict, the restated association documentsshall be subordinate to the original association documents and any relativeamendments. [L 2008, c 70, pt of §2]