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Community Association Board Members can be Sued for Breach of Fiduciary Duty (NY)

/ Owner - February 11, 2024

The Board of Managers of the 72 Poplar Street Condominium and individual board members were sued by a unit owner who was overcharged common charges. The Board allegedly knew about the overcharge and eventually refunded the overpayments to the owner, and then called a unit owner vote to amend the Condominium’s bylaws to change the method by which common charges were calculated and assessed to each unit owner so as to conform with the method set forth in the plan bylaws.    Read the article…………………………….

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