DennisW4 (Florida)
Posts: 6
Posts: 6
Posted:
a Homeowner is pushing the Board to present to a past Board President, a gift card with a cash in value of xxxx amount of dollars for service on the Board. Our Documents do not allow for compensation for service on the Board. New Fl Statutes effective July 1, 2010, Chapter 720.303, #12 Compensation prohibited, states in part; a Director or officer may not in any other way benefit financially from service in the association. Is there something I'm not reading in this statute that would allow for such a monitary gift?