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

Construction Defect Reform in CO; HB 1279: Pluses, Pitfalls & Practical Pointers

Construction defect litigation reform will take a small step forward this week when Gov. John Hickenlooper signs HB 1279 on

TX Legislator proposes mandatory water supply reporting

Pending legislation in Texas is aimed at helping residents weather the continuing drought by mandating water reporting for those cities

Panorama Village Homeowners Association v. Golden Rule Roofing, Inc. case brief

Panorama Village Homeowners Ass’n v. Golden Rule Roofing, Inc. case brief summary  10 P.3d 417 (2000) CASE SYNOPSIS Appellant roofing