Florida Community Association Manager Practice Exam

Which statement is true about the Articles of Incorporation?

1. They are optional for community associations

2. They outline the power and authority of the community association

3. They must be filed every year

4. They contain bylaws for residential governance

The correct answer is: They outline the power and authority of the community association

The Articles of Incorporation are a foundational document for community associations that establish the legal existence of the association as a corporation. This document outlines the powers, rights, and responsibilities of the community association, defining its governance structure and the authority granted to its board and members. By specifying how the organization operates and the scope of its activities, the Articles of Incorporation serve as a critical resource for guiding the actions of the community association and its leadership. The other statements do not accurately reflect the nature and requirements of Articles of Incorporation. While they are indeed vital, they are not optional for many community associations that wish to operate as corporations under state laws. They are typically filed once upon creation rather than every year, and they do not contain the bylaws, which are a separate document outlining the procedural rules for the association's operation.