{"data":{"id":"us-fl/fla.-stat.-420.505","jurisdiction":"us-fl","citation":"Fla. Stat. § 420.505","heading":"Meetings; quorum; voting.","body":"The powers of the corporation shall be vested in the members of its board of directors in office from time to time. Five members of the board shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other purposes. Action may be taken by the board upon an affirmative vote of a majority of the members present, provided that no action shall be taken by an affirmative vote of less than four members.\nHistory.—s. 1, ch. 80-161; s. 8, ch. 97-167.","path":["CHAPTER 420 HOUSING"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0400-0499/0420/0420.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:05:41Z","sha256":"1fb2d79546aa8dfd2e7b11c4f87c4c2b15ea9306a3d5dcb8513f2320043b5cb1","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-420.504","next":"us-fl/fla.-stat.-420.506"},"notice":"GroundRules: Original legal text. Not legal advice."}