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……………..
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