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Submitted 97 days ago...

Biff826

Biff826

New User (1)

Condominium By-Laws

According to Florida law, can the president of the HOA of a condominium also be the accountant?

 
 
 
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Submitted 90 days ago...

Susu

Susu

Professor (1,146)

This is a conflict of interest. Below is the website that gives specifics details on the Fl. bylaws, it does not stated anything specifically about an accountant being President, but the President cannot also be the treasurer.
Follow these instructions to read where it says "The form of administration of the association shall be described indicating the title of the officers and board of administration and specifying the powers, duties, manner of selection and removal, and compensation, if any, of officers and boards. In the absence of such a provision, the board of administration shall be composed of five members, except in the case of a condominium which has five or fewer units, in which case in a not-for-profit corporation the board shall consist of not fewer than three members. In the absence of provisions to the contrary in the bylaws, the board of administration shall have a president, a secretary, and a treasurer, who shall perform the duties of such officers customarily performed by officers of corporations."

http://www.leg.state.fl.us/Statutes/

Then click on Title XL then Chapter 718, then part I then 718.112 and go to Administration. There you will find the above paragraph.
Susu

 
 

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