A director's spouse owns a company bidding for our next contract. What does the statute require?
Short answer
§ 617.0832 governs director conflicts of interest for Florida nonprofit corporations (which is what your HOA is). § 720.3033 also requires HOA directors and officers to disclose related-party transactions. The statutes detail disclosure timing, abstention requirements, and the member-vote path to ratify a conflicted transaction. Quote both sections to your association attorney before moving forward.
Statute cites
What this is, and what it is not
This is the plain-language reading of the statute. It is not legal advice. Apply the answer to your specific situation only after consulting your association's attorney. The interpretations here are what HOAStream returns; your attorney's reading of your facts is what governs.