Fla. Justices Say Courts Can Appoint Condo Board Receivers

Law360, Miami (October 31, 2013, 6:57 PM ET) -- The Florida Supreme Court on Thursday affirmed an appeals court's ruling that a trial court can appoint a receiver over a condominium association in a dispute with its developer, saying the court has an “inherent equitable power” to do so.

The Granada Lakes Villas Condominium Association Inc., which is engaged in a financial dispute with developer Metro-Dade Investments Co., had argued a trial court's authority to appoint a receiver in cases involving a nonprofit condominium association, like itself, is limited by three sections of the Florida...
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