Glossary
Conflict of interest
A director's material interest in a contract or a transaction the board is deciding. Disclosing it and recording the recusal is what keeps the decision standing later.
Jurisdiction record
What it is called where you are
Ontario
- Disclosure under sections 29.1 and 40. Specs/00 records section 40 as one to confirm with counsel.
Florida
- Section 718.3027 for condominiums and section 720.3033 for HOAs. Specs/00 records both as ones to confirm with counsel.
Product record
Where this shows up in Board Butler
Every term, both jurisdictions
The glossary carries the whole vocabulary a condo or HOA board runs into, with the Ontario and Florida words side by side.