Although Individual Board Members Owed a Fiduciary Duty to Individual Condo Owners, the Corporation Did Not (NY)

Condominiums—Homeowners Associations—Business Judgment Rule—Plaintiff May Assert Claim for Breach of Fiduciary Duty and Punitive Damages Against Individual Members of a Board of Directors, But Not Against the Corporation Itself—Although Individual Board Members Owed a Fiduciary Duty to Individual Condominium Owners, the Corporation Did Not Owe Such Duty   Read the article………..


Related Articles

Messing With The HOA Can Be Expensive

Most homeowners in a common interest development probably understand that it can be a real hassle to get into a

Proposed bill would help homeowners in gated communities

Newly introduced Pennsylvania House Bill 319 aims to give property owners better access to the records in their associations by

Draft construction-defects bill (CO) meets with disapproval of HOA group

A draft version of the long-awaited bill to address the shortage of area condominium construction is circulating around the Capitol