Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1466
       
       
       
       
       
       
                                Ì158188TÎ158188                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/09/2014           .                                
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    1         Senate Amendment to Amendment (730906) (with title
    2  amendment)
    3  
    4         Delete lines 41 - 69
    5  and insert:
    6         Section 2. Section 468.4334, Florida Statutes, is created
    7  to read:
    8         468.4334 Liability.—A community association manager and a
    9  community association management firm shall be liable for
   10  monetary damages to the same extent as an officer or director as
   11  provided in s. 617.0834 if the community association manager or
   12  community association management firm breached or failed to
   13  perform his, her, or its duties and the breach of, or failure to
   14  perform, his, her, or its duties:
   15         (1) Constitutes a violation of criminal law as provided in
   16  s. 617.0834(1)(b)1.;
   17         (2) Constitutes a transaction from which the community
   18  association manager or community association management firm
   19  derived an improper personal benefit, either directly or
   20  indirectly; or
   21         (3) Constitutes recklessness or an act or omission that was
   22  in bad faith, with malicious purpose, or in a manner exhibiting
   23  wanton and willful disregard of human rights, safety, or
   24  property.
   25  
   26  ================= T I T L E  A M E N D M E N T ================
   27  And the title is amended as follows:
   28         Delete lines 671 - 672
   29  and insert:
   30         providing that a community association manager and a
   31         community association management firm are liable for
   32         monetary damages to the same extent as an officer or
   33         director under certain circumstances;