Business Judgment Rules does not Apply to Unauthorized Acts

The South Carolina Supreme Court held that association board decisions must be evaluated individually to see if the business judgment rule applied, and the business judgment rule did not apply when the board acted beyond its authority. Although this case was decided in South Carolina, it could be an indication of how a Washington court would decide a similar issue.  The case of Fisher v. Shipyard Village Council of Co-Owners, Inc. concerned the use of the “business judgment rule” by the association as a defense against accusations of improper board actions    Read the article……………..


Related Articles

How Healthy Is Your Condo Board? How to Conduct a Thorough Checkup

As uncomfortable as it might be to get poked and prodded while you’re clothed in a paper gown, medical checkups

Stewart Files SB 244 Expanding Consumer Protections For New Mexicans Living In Homeowners Associations

This week Sen. Mimi Stewart (D-Bernalillo) filed SB 244, which significantly expands consumer protections available to New Mexicans living in

What Does this Thing Called Fiduciary Duty Mean for HOA Board Members?

As a new or current HOA board member you may often hear terms that you’re unfamiliar with. It’s important to