Florida Senate - 2025 SB 586 By Senator Leek 7-00624A-25 2025586__ 1 A bill to be entitled 2 An act relating to actions by condominium 3 associations; amending s. 718.124, F.S.; revising the 4 limitations on actions by associations; providing an 5 effective date. 6 7 Be It Enacted by the Legislature of the State of Florida: 8 9 Section 1. Section 718.124, Florida Statutes, is amended to 10 read: 11 718.124 Limitation on actions by association.—The statute 12 of limitationsand statute of reposefor any actions in law or 13 equity which a condominium association or a cooperative 14 association may have shall not begin to run until the unit 15 owners have elected a majority of the members of the board of 16 administration. 17 Section 2. This act shall take effect July 1, 2025.