Ruling Quashes Lingering Questions on Partial Payments to Condo Associations (FL)
Two years ago a ruling by the state’s Second District Court of Appeal created a major wrinkle in the acceptance of partial payments by condominium associations when the payments had been endorsed and presented as full and complete remittances of the total outstanding debt owed by unit owners. The court’s ruling in the case of St. Croix Lane Trust v. St. Croix at Pelican Marsh Condominium Association essentially made it necessary for associations to consult with legal counsel when they received checks for partial payments that were in any way endorsed as representing the full and final payment of assessments owed by an owner. Read the article………….
This fifth and final post in the series explains when an association should initiate its own foreclosure action depending upon
HOA HOMEFRONT: (CA) Assembly bill would end state ban, let homeowners associations conduct elections online
One of the more interesting anomalies in current California corporate law is that under the Corporations Code, almost any corporation