Important Things to Know When Serving on a Board of Directors (FL)
Serving on the Board of Directors of any corporation can be a great opportunity for both personal and financial growth. As with everything in life, however, in order to receive, one must also give. This article will summarize the responsibilities imposed by the law on directors who serve in the state of Florida. The law to which we will be referring is judicial common law and Florida Statutes. Specifically, we will examine Florida Statutes Sections 607.0801 through 607.0832, which are the sections of the Florida Business Corporation Act that address boards of directors. These sources of obligation are in addition to the articles of incorporation and bylaws specific and unique to each corporation, which often supersede the base standards set by statute. Read the article……………
As many of you already know the two most frequent complaints from owners in common interest communities are: lack of
There are few things more basic to a homeowners association than the fees it takes to keep the place running.
More and more often community associations are caught in the middle of disputes between individual homeowners regarding the drifting of