Our HOA decided to bring a lawsuit against our insurance company. They felt the insurance company owed us millions of dollars for claims from the hurricanes of 2004.
I was reading the FL statutes and was wondering if someone could interpret this for me. I would like to make sure I'm interpreting it correctly.
In section 720.303 Powers and Duties it states............."Before commencing litigation against any party in the name of the association involving amounts in controversy in excess of $100,000, the association must obtain the affirmative approval of a majority of the voting interests at a meeting of the membership at which a quorum has been attained."
Does this mean the association should have been able to vote on whether to carry out this lawsuit? Thank you.