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Unless otherwise provided in the bylaws, the board of directors shall be composed of five members.
The purpose of this chapter is: (1) To give statutory recognition to the condominium form of ownership of real property. (2) To establish procedures for the creation, sale, and operation of condominiums. Every condominium created and existing in this state shall be subject to the provisions of this chapter.
Must a Corporation's Bylaws be Signed to be Valid in Florida? Florida Bylaws statute § 607.0206, does not require a corporation's bylaws to be signed in order to be enforceable. However, a corporation's Articles of Incorporation does require signature of its registered agent.
Recruit and/or appoint a director or directors for the corporation. Under Florida law, a corporation must have at least one director. Directors must be at least eighteen years old.
The Florida Condominium Act, Chapter 718 of the Florida Statutes, governs condominiums in the state. The Florida Homeowners' Association Act, Chapter 720 of the Florida Statutes, governs homeowners associations in the state.
(1) The division may enforce and ensure compliance with the provisions of this chapter and rules relating to the development, construction, sale, lease, ownership, operation, and management of residential condominium units.
In the State of Florida, three is the magic number. No matter the size of your association, your board must have at least three members, with the number stated in your articles of incorporation or bylaws.
Specifically, Section 720.306 of the Florida Statutes provides unless a lower number is provided in the bylaws, the percentage of voting interests required to constitute a quorum at a meeting of the members shall be 30 percent of the total voting interests. This means that your homeowners association may have a
Board members are appointed by the Governor and subject to confirmation by the Senate. Members of the board can serve two four-year terms.
Florida requires a minimum of three board members upon formation.