Call of [Fiduciary] Duty: How Good Faith, Due Care, and Loyalty Guide Community Associations’ Boards (NC)

Nearly 30 percent of North Carolina’s population lives in a community association of some sort, be that a condominium or single-family community.   Yet, confusion among the general population about the nature of community associations is pervasive, and that confusion extends to the understanding about the actual duties of the volunteer directors who serve their community associations. The law is less confused and gives us guidance as to the exact duties owed. Understanding these duties is key to the directors effectively managing the community associations and the members appropriately participating in that management.     Read the article……………………………