Fiduciary Duty

Understanding Fiduciary Duty For Co-op and Condo Board Directors (NY)

Serving as a board director entails a range of obligations, and it’s not uncommon for newcomers to underestimate the scope…

1 week ago

What are a Board’s Fiduciary Obligations, Anyway? Understanding a Director’s Role and Duties

Fid-doo-she-air-ee. What the heck is a fiduciary, let alone a fiduciary duty? “Fiduciary” means trust. A fiduciary duty is the…

1 month ago

Enhancing Governance: Lessons from a Recent Condo Board and Property Management Company Lawsuit (NY)

Condo Boards and their Property Management Companies play a crucial role in maintaining harmony within residential communities. A recent legal…

3 months ago

Mum’s the Word When Disclosure Leads to Breach of Fiduciary Duty

It is common knowledge that a director has a fiduciary duty to his or her association and its members. To…

3 months ago

Understanding Director Conflicts of Interest in Florida Condominium Associations

In the realm of condominium associations in Florida, directors play a crucial role in decision-making processes. However, their actions must…

3 months ago

Fiduciary Relationship and the Business Judgment Rule (FL)

Community association officers and directors have a fiduciary relationship to the owners of homes or units in their community. Typically,…

6 months ago

Fiduciary Duty: What it Means to Your Community Association (FL)

What duty does a community association board member owe to their association? What happens if that duty is breached? During…

8 months ago

Hammocks receiver sues former HOA leaders over allowing alleged $3M fraud (FL)

Less than a year after four ex-board members of the Hammocks homeowners association were charged with massive fraud, a new…

12 months ago

A Practical Approach to Board Member ‘Fiduciary Duties’ (CO)

The words “fiduciary duty” are ones that many of us in the community association industry come across frequently. It is…

1 year ago