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In lieu of this written certification, within ninety days after being elected or appointed to the board, the newly elected or appointed director might submit a certificates of getting satisfactorily completed the tutorial curriculum administered by a division-accredited condominium education provider within 1 year before or ninety days after the date of election or appointment.

A management company holding reserve funds of an affiliation shall always keep a separate account for every affiliation, offered, however, that for funding purposes, the Board of Managers of an association may authorize a management company to keep up the affiliation’s reserve funds in a single interest bearing account with comparable funds of different associations.

No condominium instruments shall be recorded unless all models situated or to be situated on any portion of the submitted land, other than inside the boundaries of any convertible lands, are depicted on plats and plans that adjust to the provisions of subsections (a) and (b) of § 42-1902.14 The foreclosure of any mortgage, deed of trust or different lien shall not be deemed, ex proprio vigore, to terminate the condominium.

B. Earlier than turnover of control of an association by a developer to unit homeowners apart from a developer pursuant to s. 718.301, the developer could vote the voting pursuits allotted to its units to waive the reserves or cut back the funding of reserves via the interval expiring on the finish of the second fiscal 12 months after the fiscal 12 months in which the certificates of a surveyor and mapper is recorded pursuant to s. 718.104(four)(e) or an instrument that transfers title to a unit in the condominium which is not accompanied by a recorded task of developer rights in favor of the grantee of such unit is recorded, whichever happens first, after which time reserves could also be waived or reduced only upon the vote of a majority of all nondeveloper voting interests voting in person or by limited proxy at a duly called meeting of the association.