61B-23.001 — Board of Administration and Committees; Fiduciary Duty

Florida Administrative Code Rule 61B-23.001 establishes standards for board fiduciary duty and committee administration in associations.

The rule defines the fiduciary obligations of association boards and committees, requiring them to act in the best interests of the association and its members. The rule prescribes conduct standards for board members and committee members in their governance roles.

Association boards of administration and committees operating under Florida's condominium and homeowner association statutes.

Effective April 14, 1999.