Q: Our condominium association board levied a special assessment for Hurricane Irma damage. Our insurance claim settled for more than we expected, resulting in an excess of funds due to the special assessment. What happens to this leftover money? (S.S., via e-mail) A: Sections 718.116(10) of the Florida Condominium Act […]
Becker’s Spotlight offers a weekly in-depth analysis of an issue driving the discussion in Washington. This week’s edition discusses the lame duck session that will begin soon after the election. Congress must consider a spending bill and could also take up the Farm Bill, a tax package, or other outstanding […]
Fear not! We’ve got nothing here to scare you. Rather than something spooky on Halloween, we’re aiming for items that are helpful to clarify or ease the board member or management responsibilities you have for your community. So yes, it’s a treat! Our first article, Term Limit Law Continues to […]
Behind the scenes of the Florida Business Corporation Act, or FBCA, business lawyers are debating amendments that may change how shareholders bring derivative lawsuits. At present, a rift exists between the law and the courts’ ruling on the law regarding demand futility. The demand requirement is a concept concerning shareholder […]
