Pavilion from the Ocean

Pavilion from the Ocean

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Know the New FS 718 - Conflicts of Interest - (Conflictos de intereses)



FS 718.112 (2)(p) 
Service providers; conflicts of interest.

An association, which is not a timeshare condominium association, may not employ or contract with any service provider that is owned or operated by a board member or with any person who has a financial relationship with a board member or officer, or a relative within the third degree of consanguinity by blood or marriage of a board member or officer. This paragraph does not apply to a service provider in which a board member or officer, or a relative within the third degree of consanguinity by blood or marriage of a board member or officer, owns less than 1 percent of the equity shares.



FS 718.112 (2)(p) 
Proveedores de servicio; Conflictos de intereses.

Una asociación, que no es una asociación de condominios de tiempo compartido, no puede emplear o contratar con ningún proveedor de servicios que sea propiedad u operado por un miembro del consejo o con cualquier persona que tenga una relación financiera con un miembro de la junta directiva, O un pariente dentro del tercer grado de consanguinidad por sangre o matrimonio de un miembro del consejo o oficial. Este párrafo no se aplica a un proveedor de servicios en el que un miembro del consejo o un funcionario, o un familiar en el tercer grado de consanguinidad por sangre o matrimonio de un miembro del consejo u oficial, posea menos del 1 por ciento de las acciones.


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