my condo fail to update it record with with Florida division of corporation. is it legal ? it is an option to update record or an obligation to update record after each change on the condo board? by the way , can the they omit to add name of some member of the board?
Mergers / Acquisitions Attorney
The Annual Report filed with the Division of Corporations must accurately reflects officers and directors as of the date of filing. Pursuant to Section to 817.155, it is a 3rd Degree Felony to knowingly file a false document with the Division of Corporations.
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Mr. Litvak's response pinpoints the time in question--when the annual report is filed. Changes which occur afterward do not have to be reported.
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On the filing date, it's required for the company's filing with the Florida Division of Corporations to be updated.