Florida Community Association Manager Practice Exam

Which Florida Statute pertains to the regulation of cooperatives?

1. FS 718

2. FS 719

3. FS 720

4. FS 721

The correct answer is: FS 719

The regulation of cooperatives in Florida is specifically outlined in Florida Statute 719. This statute establishes the framework for the management and operation of cooperatives, including the rights and responsibilities of members, the governance structure, and the procedures for meetings and voting. Cooperatives are unique forms of ownership that allow members to share resources and benefits, and FS 719 covers important aspects such as membership qualifications, member rights, and the management of the cooperative's affairs. This focus on cooperative structures sets FS 719 apart from other statutes related to community associations, specifically those that address condominiums and homeowners' associations. Understanding FS 719 is essential for community association managers and members involved in cooperative living arrangements, as it provides the legal foundation for their operations and ensures that members are aware of their rights and the requirements they must follow within the cooperative system.