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The following clause has been added to Florida Statute 720 HOA. Can you help with interpretation? Can any member make a motion to cancel a contract at any time in the life of the contract or only at the next regular meeting. The clause has two sentences. The word 'ratified' in the second sentence seems to imply that any motion must be put close to the inception of the contract but the wording does not state this, as does the first sentence.
'Any contract entered into by the board may be canceled by a majority of the voting interests present at the next regular or special meeting of the association, whichever occurs first. Any member may make a motion to cancel such contract, but if no motion is made or if such motion fails to obtain the required vote, the contract shall be deemed ratified for the term expressed therein'
Tags: Boards, Bylaw, Florida
posted @ Monday, January 30, 2012 10:09 AM by George Cameron, Esq. Farmington, CT
posted @ Monday, January 30, 2012 10:44 AM by Melvin
posted @ Saturday, April 28, 2012 12:31 PM by Allan Miles
posted @ Saturday, April 28, 2012 12:39 PM by Allan Miles
posted @ Saturday, April 28, 2012 12:46 PM by Allan Miles
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