Form with which the board of directors of a corporation records the contents of its first meeting.
Board Directors Minutes With The President In Florida
State:
Multi-State
Control #:
US-0007-CR
Format:
Word;
Rich Text
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FAQ
Owners' Rights at Board Meetings Section 718.112(2)(c), Florida Statutes, provides that meetings of the board are open to all unit owners, who may tape record or videotape such meetings. The law states that unit owners have the right to speak at such meetings on all designated agenda items.
Ron DeSantis recently signed into law House Bill 1203 which adopted broad changes for homeowners associations throughout the state. Effective July 1, 2024, House Bill 1203 provides a comprehensive overhaul of many issues affecting HOAs, including director education, records maintenance, meeting requirements and fines.
There is no maximum by law. Annual assessments have a 15% cap by law for condominiums (COAs) but not HOAs.
The new legal updates are outlined in Chapter 718 for condominium associations and Chapter 720 for homeowners associations. While both community associations may seem extremely similar, because they govern separate property types, they each require their legislature and governing documents.
Chapter 720 - HOMEOWNERS' ASSOCIATIONS.
617.0701 Meetings of members, generally; failure to hold annual meeting; special meeting; consent to corporate actions without meetings; waiver of notice of meetings.
There is no general requirement that board minutes be public – though some countries have laws that they must be available to members. However, not-for-profit organisations earn trust by being open about how they handle the public trust that has been granted to them.
Board minutes often contain information that is subject to the attorney-client privilege and that directors may prefer to keep confidential. However, most jurisdictions allow stockholders to inspect corporate books and records, including board minutes.
As a member of the company, you may ask the company in writing for a copy of the minutes of a meeting of members, or an extract of the minutes, or the minutes of any resolution passed by members without a meeting.