The articles of incorporation of a homeowners' association shall provide:
- (1) That the association has the power to negotiate for, acquire, and operate the mobile home park on behalf of the mobile home owners.
- (2) For the conversion of the mobile home park once acquired to a condominium, a cooperative, or a subdivision form of ownership, or another type of ownership. Upon acquisition of the property, the association, by action of its board of directors, shall be the entity that creates a condominium, cooperative, or subdivision or offers condominium, cooperative, or subdivision units for sale or lease in the ordinary course of business or, if the homeowners choose a different form of ownership, the entity that owns the record interest in the property and that is responsible for the operation of property.
History.--s. 1, ch. 84-80; s. 13, ch. 92-148.