The Board of Directors of an owner’s association wears many hats: decision maker, mediator, judge, and community organizer. Quite possibly the most important role a Board member serves is that of a fiduciary. A fiduciary is a person or entity put in a position of trust to protect the interests of a third party. While establishing and enforcing community design guidelines and use restrictions are essential actions for a Board of Directors, the primary need for a Board is to collect assessments from their members and spend that money for the benefit of the community. Read the article…………………………….
(CAN Note: Always make sure 2 unrelated people receive original bank statements, or have access to VIEW the account. It is too easy to forge bank statements, which is what has to be done for them to get away with F&E)