HB832: Fiduciary Changes for HOA Directors
HB832 became law on July 1, 2017, and condominium associations should be well versed in the ramifications. In summary, the law specifies condominium boards may be in violation of fiduciary duty, and could be held personally liable, for violating the mediation and arbitration requirements of the condominium law (there are some exceptions). It also allows association member participation in board meetings pursuant to rules established, requires board meeting notices to list items on the meeting [...]
