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This rule has been codified in Florida Statute §607.0830 and provides that an association Board must make decisions in good faith; with the care of an and in a manner that the Board reasonably believes to be in the best interest of the corporation.
OWNERS MAY ELECT TO PROVIDE FOR FULLY FUNDED RESERVE ACCOUNTS UNDER SECTION 720.303(6), FLORIDA STATUTES, UPON OBTAINING THE APPROVAL OF A MAJORITY OF THE TOTAL VOTING INTERESTS OF THE ASSOCIATION BY VOTE OF THE MEMBERS AT A MEETING OR BY WRITTEN CONSENT.
Chapter 720 of the Florida Statutes, also known as the Homeowners' Association Act, is a chapter of law that governs certain types of homeowners' associations in the State of Florida.
It is now a first-degree misdemeanor for an HOA board to prevent members from voting, to be menacing, threatening or using bribery to directly or indirectly influence an HOA member's vote.
Section 720.3035 specifically addresses architectural control covenants and owners rights with regard to parcel improvements. This Florida law prohibits associations from restricting an owner from selecting from options provided in the declaration or authorized standards.
Homeowners' Association Amendments Section 720.306(1)(e), Florida Statutes requires that a proposal to amend the governing documents must contain the full text of the provision to be amended and may not be revised or amended by reference solely to the title or number.
The Florida Condominium Act (FCA), Section 718 of the Statutes, defines the role of committees for condo associations. The Statute refers to committees as a ?group? of board members, unit owners, or board members and unit owners appointed by the board or a member of the board.
Section 607.0821 - Action by directors without a meeting (1) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of directors' meeting or committee meeting may be taken without a meeting if the action is taken by all members of the board ...