HOACompliant
Glossary

Board of directors

Also called: the board

The board of directors is the group of owners elected to run the association: adopting the budget, maintaining common areas, keeping records, and enforcing the governing documents. Board members owe fiduciary duties to the association and must follow open-meeting and notice rules.

Governing statute

Board meeting noticeFla. Stat. 720.303(2)Conflict-of-interest disclosureFla. Stat. 720.3033(2)Annual board election sequenceFla. Stat. 718.112(2)(d)

Related obligations

Board meeting noticeDirector conflict-of-interest disclosureAnnual board election sequence

Related terms

QuorumProxyAnnual meetingBoard member certification

General information, not legal advice. Confirm with association counsel.

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