Can You Pay Directors and Officers of a Michigan Condominium or Homeowners Association?

It is common for a condominium association’s master deed and bylaws or a homeowners association’s declaration to address compensating board members. Usually, such a provision will either expressly disallow any compensation or only allow compensation if approved by a specified percentage of the community association’s members. Apart from the general notion that board members should be made up of volunteers that are interested in helping the condominium or subdivision, why is it important or desirable for an association’s directors and officers to be volunteers?    Read the article………………………..

Editor

Recent Posts

Settlement Agreements Binding Without Signature (FL)

The ultimate test of a binding settlement agreement is whether the parties to the agreement…

15 hours ago

Condo Column: The monkey lost (NH)

All too often attorneys only tell others about the cases they win. This column is…

15 hours ago

Malaysia: Call to improve the strata property law: Condo owners win 10-year repair dispute with developer

The High Court of Sabah and Sarawak here on Tuesday settled a lawsuit claim over…

19 hours ago

Enumerate launches Automate AP to help community associations save cost, reduce fraud risk, and improve operational efficiency

Enumerate, the leading provider of community association management software and payments solutions, is excited to…

19 hours ago

Just the judge: No jury in Homestead trial (WA)

It meant that, continuing Thursday and on into this week, contested issues regarding the north…

19 hours ago

Bluffton homeowners sue Palmetto Bluff Club over mandatory membership waiver (SC)

In an effort to reverse what some Palmetto Bluff residents see as an overreach by…

20 hours ago