Florida Removal of two directors
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How to fill out Removal Of Two Directors?
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FAQ
Section 718.112(2)(l), Florida Statutes, requires certain condominium associations to retrofit their common elements, association property, and units with a fire sprinkler system in ance with Chapter 633 (?Florida's Fire Prevention Code?) and any other code, statute, ordinance, administrative rule, or regulation ...
§ 718.111(11)(f) states that the association is responsible to insure the buildings in the community including all windows and sliding glass doors, common areas, and anything for which the unit owner is not responsible under the law.
(4) A director may be removed by the shareholders only at a meeting of shareholders called for the purpose of removing the director, and the meeting notice must state that the removal of the director is the purpose of the meeting.
Section 718.122, which became effective July 1, 1977, establishes a rebuttable presumption that a lease for condominium recreational facilities that contains certain provisions is unconscionable.
Section 617.0808, Florida Statutes, requires that the articles of incorporation include a provision that any member of the board of directors may be removed from office with or without cause by the vote or agreement in writing by a majority of all votes of the membership of the corporation, such that the bylaws may not ...
So starting in 2025, new Florida state law will require condo boards of buildings that are three stories or higher to set aside money to cover the cost of future major repairs, not for cosmetic stuff like new carpet, paint, lobbies, and you know, stuff like that.
Your documents should contain a section for board member removal. Per Fla. Stat. §723.078(i), any board member ?may be recalled and removed from office with or without cause by the vote of or agreement in writing by a majority of all members.?
(1) Reserves required by statute. Reserves required by Section 718.112(2)(f), Florida Statutes, for capital expenditures and deferred maintenance including roofing, painting, paving, and any other item for which the deferred maintenance expense or replacement cost exceeds $10,000 shall be included in the budget.