HB 695 CS (2003) -  Corporate Affairs

General Bill by Culp (CO-SPONSORS) Allen
Corporate Affairs: Defines the term "electronic transmission" for purposes of the Florida Not For Profit Corporation Act; authorizes forms of electronic transmission of notice for domestic or foreign corporations; provides for a corporation member to revoke consent to receiving notice by electronic transmission; provides that an affidavit of notice by electronic transmission is, in the absence of fraud, prima facie evidence of the facts stated in the notice; provides for domestication of foreign not-for-profit corporations; redefines "mortgage" for purposes of specified foreclosure proceedings to include liens created pursuant to covenants of a homeowners' association; revises condominium insurance requirements; provides for application of such requirements; requires a report be prepared for publication by the Office of Insurance Regulation of the Department of Financial Services; requires certain coverage; revises recordkeeping requirements; provides that the association is not liable for accidentally or inadvertently disclosing address information; authorizes the association to provide information to prospective purchasers or lienholders; provides for a fee for providing information; allows use of limited proxies for votes taken to waive financial reporting requirements; provides for a condominium association to transmit electronic notices to unit owners; revises requirements for use of proxies for voting; authorizes the association to broadcast notice via a closed-circuit television system; prohibits notice by electronic transmission for a recall of board members; provides for association bylaws to authorize the electronic transmission of notices; provides that a described fee may be charged for preparation of a certificate stating amounts owed; provides that actions with respect to obligations of condominium owners shall not be deemed actions for specific performance; revises recordkeeping requirements for cooperative associations; provides that the association is not liable for accidentally or inadvertently disclosing address information; authorizes the association to provide information to prospective purchasers or lienholders; provides for a fee for providing information; provides for a cooperative association to transmit electronic notices to unit owners; revises requirements for use of proxies for voting; authorizes the association to broadcast notice via a closed-circuit television system; prohibits notice by electronic transmission for recall of board members; provides for association bylaws to authorize the electronic transmission of notices; provides that described fee may be charged for preparation of certificate stating amounts owed; provides that actions with respect to the obligation of cooperative owners shall not be deemed actions for specific performance; clarifies that corporations not for profit that operate residential homeowners' associations are subject to the Florida Not For Profit Corporation Act; authorizes a homeowners' association to broadcast notice via a closed-circuit television system; provides that the association is not liable for accidentally or inadvertently disclosing address information.
Companion Bill passed CS/CS/CS/SB 592 Corporate Affairs By Judiciary and Regulated Industries and Commerce, Economic Opportunities, and Consumer Services and Geller
Effective Date: This act shall take effect upon becoming a law
Last Event: Companion Bill passed, Link/Iden/Sim/Compare passed, refer to CS/CS/CS/SB 592 on Wednesday, April 30, 2003 3:31 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/CS/SB 592 Subject: Corporate Affairs Relationship: Similar
Bill #: HB 165 Subject: Homeowners' Associations Relationship: Compare
Bill #: CS/SB 1978 Subject: Homeowners' Associations Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Business Regulation 4/22/2003 3:53:47 PM
Chamber: House Committee: Commerce 3/27/2003 12:31:39 PM
Chamber: House Committee: Subcommittee on Banking & Securities 3/27/2003 12:27:16 PM
Chamber: House Committee: Subcommittee on Banking & Securities 3/14/2003 7:36:01 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/CS/SB 592 Time: 04/30/2003 - 3:31 PM Member: Committee: Version:
Event: H Substituted CS/CS/CS/SB 592 Time: 04/30/2003 - 3:31 PM Member: Committee: Version:
Event: H Bill added to Special Order Calendar (04/30/2003) Time: 04/29/2003 - 1:40 AM Member: Committee: Version:
Event: H Bill released to House Calendar Time: 04/25/2003 - 3:04 PM Member: Committee: Version:
Event: H Amendment 866737 filed timely Time: 04/24/2003 - 6:32 PM Member: Committee: Version: c2
Event: H Amendment 231851 filed timely Time: 04/24/2003 - 4:44 PM Member: Committee: Version: c2
Event: H Recommendation: CS by Business Regulation ; Pending Review of CS under Rule 6.3 Time: 04/22/2003 - 3:49 PM Member: Committee: Business Regulation Version:
Event: H Bill added to Second Reading Calendar Time: 04/22/2003 - 3:49 PM Member: Committee: Version:
Event: H Bill released to House Calendar Time: 04/22/2003 - 3:49 PM Member: Committee: Version:
Event: H Bill passed referred committee Time: 04/22/2003 - 3:49 PM Member: Committee: Business Regulation Version:
Event: H Bill reported out of committee meeting Time: 04/22/2003 - 3:49 PM Member: Committee: Business Regulation Version:
Event: H Bill added to Business Regulation agenda Time: 04/10/2003 - 4:03 PM Member: Committee: Business Regulation Version:
Event: H Bill added to Business Regulation agenda Time: 04/07/2003 - 3:27 PM Member: Committee: Business Regulation Version:
Event: H Recommendation: CS by Commerce ; Pending Review of CS under Rule 6.3 Time: 03/27/2003 - 3:44 PM Member: Committee: Commerce Version:
Event: H Filed timely Time: 03/27/2003 - 3:43 PM Member: Committee: Version:
Event: H Bill passed referred committee Time: 03/27/2003 - 12:39 PM Member: Committee: Commerce Version:
Event: H Bill reported out of committee meeting Time: 03/27/2003 - 12:39 PM Member: Committee: Commerce Version:
Event: H Bill added to Commerce agenda Time: 03/20/2003 - 4:20 PM Member: Committee: Commerce Version:
Event: H Bill passed referred committee Time: 03/17/2003 - 7:04 PM Member: Committee: Subcommittee on Banking & Securities Version:
Event: H Bill reported out of committee meeting Time: 03/17/2003 - 7:04 PM Member: Committee: Subcommittee on Banking & Securities Version:
Event: H Bill added to Subcommittee on Banking & Securities agenda Time: 03/13/2003 - 4:20 PM Member: Committee: Subcommittee on Banking & Securities Version:
Event: H Bill referred to Business Regulation Time: 03/07/2003 - 3:26 PM Member: Committee: Business Regulation Version:
Event: H Bill referred to Commerce Time: 03/07/2003 - 3:26 PM Member: Committee: Commerce Version:
Event: H Bill referred to Subcommittee on Banking & Securities Time: 03/07/2003 - 3:26 PM Member: Committee: Subcommittee on Banking & Securities Version:
Event: H 1st Reading Time: 03/04/2003 - 10:30 AM Member: Committee: Version:
Event: H File timely Time: 02/25/2003 - 4:40 PM Member: Culp Committee: Version:

Statutes Referenced by this Bill

Statute Other Bill Citations
617.01401
617.0141
617.1801
702.09 HB 165
718.111 HB 165
718.112 HB 165
718.116
718.303 HB 165
719.104 HB 165
719.106
719.108
719.303 HB 165
720.302 HB 165
720.303 HB 861