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“Generally Board Members Cannot be Compensated” – News-Press

12.07.2020
Joseph E. Adams

Q: Can the members of our board of directors receive a holiday bonus? (G.M, via e-mail) A: Not to be the “grinch,” but this is generally not a good idea and is usually not legally permissible. Section 720.303(12) of the Florida Homeowners’ Association Act generally prohibits directors and officers from […]

Areas of Focus: Condo, Co-Op & HOA, Florida Community Association