Board of Administration and Committees; Fiduciary Duty

Implementing rule for the board of administration and committees of a Florida condominium association. Codifies the fiduciary duties owed by directors to unit owners, consistent with the general standards in Fla. Stat. §617.0830 (nonprofit director standards) and §718.111 (association powers).

Fla. Stat. §718.501 — Authority, responsibility, and duties of Division of Florida Condominiums, Timeshares, and Mobile Homes

• FAC 61B-22.001 — Definitions
• FAC 61B-22.003 — Budgets
• FAC 61B-22.005 — Reserves
• FAC 61B-22.006 — Financial Reporting Requirements
• FAC 61B-23.002 — Operation of the Association

• Fiduciary Duty