The Business Judgment Rule

Community Association board members frequently ask, “What is the standard we’re held to when we vote and make decisions?” The standard of conduct in Oregon and Washington is colloquially known as the “Business Judgment Rule.” Application of the Business Judgment Rule comes into play in nearly all board decision making from deciding how far to pursue a collections matter to selecting a contractor for multimillion dollar repairs to raising or lowering monthly assessments.   Read the article…………


Related Articles

Maintaining Balconies and Terraces: Safety Comes First

Pleasant and valuable as they are, these small squares of real estate come with their own set of maintenance and safety concerns.

The Importance for Community Associations to Record Governing Document and Timely File Objections to a Chapter 13 Plan

A recent Bankruptcy Court decision in New Jersey highlights two important issues for community associations:  1) Record your Governing Documents; 2) Timely

What a First Time HOA Board Member Should Know

If you are a new homeowners association Board member there are a number of things you need to know about