For many new board members who are trying to get up to speed on their duties and obligations, few things could be as important as reviewing their governing documents to ensure they contain comprehensive indemnification provisions. No board member wants to be in a position of serving on the board with the possibility of being held personally responsible for paying the costs to defend a lawsuit. Ensuring adequate indemnification protection for board members is included in the association’s governing documents affords peace of mind while board members continue to serve their community. Read the article………………………..
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