UNDERSTANDING THE “BUSINESS JUDGMENT RULE” THAT OFTEN PROTECTS HOA DIRECTORS AGAINST LIABILITY FOR BAD DECISION MAKIING
UNDERSTANDING THE “BUSINESS JUDGMENT RULE” THAT OFTEN PROTECTS HOA DIRECTORS AGAINST LIABILITY FOR BAD DECISION MAKIING The Business Judgment Rule creates a presumption that the decisions made by homeowner’s association directors are based on sound business judgment....
CENSURING OF HOMEOWNERS ASSOCIATION DIRECTORS
CENSURING OF HOMEOWNERS ASSOCIATION DIRECTORS When a homeowners association director is censured, he or she is reprimanded for some form of misconduct by the director such as shouting or using profanities at board meetings, or engaging in conduct that interferes with...
UNDERSTANDING THE ROLES OF ASSOCIATION OFFICERS
UNDERSTANDING THE ROLES OF ASSOCIATION OFFICERS Incorporated associations are required to have various officers to facilitate the operations of the association. This content is for Subscribers. To continue reading, you must have a Subscription with HOA Member...
HOMEOWNERS ASSOCIATIONS MUST MAINTAIN THE COMMON AREA PROPERTY TO A STANDARD SET FORTH IN THE DECLARATION
HOMEOWNERS ASSOCIATIONS MUST MAINTAIN THE COMMON AREA PROPERTY TO A STANDARD SET FORTH IN THE DECLARATION State laws and the governing documents of a common interest development impose a responsibility on the association to maintain, repair and replace the...
Homeowners Association Policies Should Include a “Procurement Policy”
Homeowners Association Policies Should Include a “Procurement Policy” Homeowners’ associations, acting through their board of directors, are responsible for operating and maintaining their development. This content is for Subscribers. To continue reading, you must...
