HOA fiduciary responsibility

As a fiduciary in a community association, each board member is expected to act in the best interests of all residents, and act responsibly in carrying out their duties. This protects both the association and board. However, if they do not fulfill their fiduciary obligations to the association, such as not disclosing a conflict of interest regarding a board action, they will be held accountable for their actions. Fiduciary Protections By adhering to fiduciary duties, HOA board members are protec [...]