Florida Approval of director warrants

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Multi-State
Control #:
US-CC-18-366G-NE
Format:
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This is a multi-state form covering the subject matter of the title.
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  • Preview Approval of director warrants
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FAQ

Section 617.0832(1)(c), Florida Statutes, provides that if the transaction is fair and reasonable to the corporation at the time it is authorized by the board, then the contract or transaction is not void because of a director conflict of interest if such director or directors are present at the meeting of the board of ...

(a) ?Director's conflict of interest transaction? means a transaction between a corporation and one or more of its directors, or another entity in which one or more of the corporation's directors is directly or indirectly a party to the transaction, other than being an indirect party as a result of being a shareholder ...

11.2427 Conflict of laws. ?If any section in the civil part of the Florida Statutes, creating a crime or prescribing a punishment, conflicts with any section in the part relating to crimes, the latter shall prevail.

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.

(8) ?Conflict? or ?conflict of interest? means a situation in which regard for a private interest tends to lead to disregard of a public duty or interest.

? Ch. 2023-228 LAWS OF FLORIDA Ch. 2023-228 3 CODING: Language stricken has been vetoed by the Governor Page 4 (3) An officer, a director, or a manager may not solicit, offer to accept, or accept any thing good or service of value for which consideration has not been provided for his or her benefit or for the benefit ...

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.

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Florida Approval of director warrants