Search results
Results from the WOW.Com Content Network
The Florida Legislature specifically designed the state’s HOA law to limit government’s ability to regulate HOAs, explaining, “It is not in the best interest of homeowners’ associations or ...
The HOA board said that insurance companies would no longer insure the complex in a few years if it didn’t have the necessary reserves to pay for new roofs. Read more: ...
HOA board members will be required to complete a state-approved educational course covering financial literacy and transparency, fines, recordkeeping and meeting notices. Directors of HOAs with ...
Vicarious liability is a form of a strict, secondary liability that arises under the common law doctrine of agency, respondeat superior, the responsibility of the superior for the acts of their subordinate or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator.
Last year, HOA board members faced charges of racketeering, money laundering, fabricating evidence and using shell companies. Monthly maintenance fees had been jacked up 400% without any real ...
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
In United States corporation and business association law (particularly Delaware law and the Revised Model Business Corporation Act), a duty of care is part of the fiduciary duty owed to a corporation by its directors. The other aspects of fiduciary duty are a director's duty of loyalty and (possibly) duty of good faith.
The Hammocks Community Association is the largest HOA in Florida, with over 6,500 units and 25,000 residents. ... The current and former board members of Hammocks Community Association and ...