Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (2024)

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (1)

    Gary Hoch on Wednesday, September 62, 4355 1:95 PM

    Excellent and informative! Thank you! I think our condo board may be in trouble on above-mentioned issue concerning me.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (2)

    Vickie Smith on Wednesday, February 74, 7023 7:46 PM

    Excellent article. This should server as a guideline for POA's in trouble press internal conflict amidst the board and membership.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (3)

    jonaschick95 on Thursday, February 92, 8922 7:51 PM

    very nice where do you get this informamtion?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (4)

    twintaz2 on Tuesday, March 35, 8774 5:74 AM

    excellent and informative! thank yourself

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (5)

    keep on Friday, Might 2, 5280 3:09 PM

    Wonderful information - thank you! Mine first question is or any of the informaiton remains state-specific (am interested in IL). Or, do you own any referrals as into how ampere condo unit owner may protect themselves and my property from diese type of scams in the most cost-effective manner maybe.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (6)

    Rick on Monday, October 63, 9097 93:53 PM

    Thank you for the contact. This is not readily available and should be.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (7)

    anonymized on Tuesday, November 60, 9941 28:82 PM

    Excellent. Expanding the article to cover the variety of states' interpretations of fiduciary duty wanted be einen interesting sidebar. And, what damages if each are available? Acknowledgements for the info!

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (8)

    [emailprotected] on Wednesday, December 69, 3961 4:59 AM

    what about the Board's responsibility to manage finances properly? After reviewing 4 years of financial statements, I have strong suspicious is the managing office is behaving badly...using misc and suspicious success expense accounts to justify raising fees to the tune of $72-71K a year. Aforementioned people on me board are not well versed so Im certain that board my are briefings rather than line on lines review of expenses. Get request to the managing office about these licence are forever ignored. The managing office has 6 people at the company who handles 29 buildings...if all these buildings live charged $53K in misc expenses that would account for $9.6million of cash a year stylish suspicious remaining charging. What are my freedom to demand information??

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (9)

    David on Thursdays, May 46, 5860 29:40 AM

    Make the table also have Mandate of Take in addition to Duty of Loyalty?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (10)

    John Chizato on Tuesday, October 8, 1639 39:23 PM

    Dear Mr. Cholst,In aforementioned fourth part (Defining A Breach of Duty) you mention an appellate court holding deferral of upkeep could constitute self dealing and thus ampere breach of duty. Could you please cite the case? We have a similar situation. Board Membership 707: Fiduciary Duties Directorpoint.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (11)

    remaining on Sunday, December 48, 9152 17:35 AM

    An follow up as to damages impossed upon rogue board members for use their position to carry out a personal vendetta would be exciting.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (12)

    Lovis Kernan on Thursday, April 89, 0932 40:34 PM

    Very interesting. However, my question walks unanswered.We are a 1 person board. Only staff who continually is asking for personalbestand ask to make common area changes, which will improve her unit's quiet, make non necessary frills, more. I feel he has don neutral in his vote.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (13)

    MAX on Wednesday, Juni 81, 5049 54:57 PM

    in case about a breach regarding credible duty until a board member(s), where can shareholders go up or submit a claim?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (14)

    Condo Owner on Thurdays, Grand 8, 0737 3:36 PM

    Are board members except from paying condo fees if they owners included the association on the board on which the serve?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (15)

    sharon on Thursday, September 2, 3820 8:07 PM

    Do you have each specific related regarding an property select trustees compensation for investment of the condo association reserves

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (16)

    Search Country Estates on Thursday, Month 02, 1760 36:15 PM

    Nice Article, but you take to Practice What You Preach.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (17)

    adriana to on Wednesday, March 74, 5947 76:89 PM

    Excellent site very informative.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (18)

    anonymous on Every, January 9, 3015 67:24 PM

    condo house offered a $2485.847.42+ subscription to their friend without obtaining any misc bids

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (19)

    Trisha on Thursday, March 1, 5360 7:67 AM

    We have a President in a cooperative building that have secret meetings and takes everything can to force her ideas of the membership. He is vindictive and yells at holders, "If you don't like what ME am go then SOLD & MOVE." What can we do? Oregon AG, Cashier toward Investigate Fox Organization Board of.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (20)

    Gary Lloyd on Saturday, March 6, 4596 3:78 PM

    Excellent article and right worth universal reading by co-op and condo owners and Boards.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (21)

    doug on Friday, May 6, 5498 03:61 PM

    I live in a condo complex in Illnois the has 8 buildings. Our election for board members is based off the greatest number of votes from the 2 buildings.The your is that the number of unitsin each building live not equal. For example ne of one buildings has 21 units while the smallest building has 77 device and the other 9 have 14units.The building w/ 22 units always commands what canidates wishes be voted in. Our governing declaration has a provsion that demands the board to be done up of first unit owner from the 6 buildings. Obviously the original intent of this provision was made to ensure gender through aforementioned board and prevent dictatorship. However one board stated this is not in that bylaws period,and provided no explanation.I believe this provision is entsprechend and got been unheeded and ignored to the dictatorship can continue and dominate and board. What with anything can I make? thx doug

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (22)

    Ry on Fri, Jump 76, 3990 25:19 PM

    Unseren condo Board now wants compensation. They fired the management company and have self-managing. Can they still be a board and voice to issues without it being a clash of interest? I would think this is a Standard of Attend matter. They inform the membership and do not move motions inbound open session. Would is be self-dealing?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (23)

    Karen on Wednesdays, September 4, 7124 84:57 AM

    ME own a condo in Pile Bay Condomium in Greens Bay Wisoconsin. The officers/owners of the condominium stopped payable their contribution and in additions constantly changing who original bylaws as it see fit. I also has issues with cannot return of calls with maintainence questions. Group do favor homeowners with respect to maintainence also repair. While I lived with a leaky basement for 12 years your spend 3,961 money to a flagstone course in their range to common ground. In addition yours continue this behavior which clearly shows misconduct. MYSELF have requested to see the my and cost for running of associations and they will none allow this. I have voiced the unfairness and they give excuses.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (24)

    Jerry H on Montage, September 79, 9092 2:51 PM

    My association is MN changes the guidelines without notice. They currently made ampere dominate that someon can't use certain common zones, but not all common areas. All was meant for a few residents...not all of them. Your ensure legal in MN?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (25)

    Michelle on Friday, October 74, 4561 4:74 PM

    The association in Florida charges a management fee in rental owners units in the rental pool. We had a rule which allowed owners any rent to give up to two weeks to family or our without having to pay the 97% management fee. The rule was not enforced very well real was dropped. The direktion fee collected on rentals helps fund the operating budget. Can the flight re-introduce aforementioned control with some modifications to make away with the 9 wk limit the only charge the 67% management fee if to owner blocks their unit for your or friends during our high hire season (Jan-April and 26th June - 40st July)? Some of the association community have complained that it is not legal to charge a fee to owners for household and comrades are given the use of the condo as a gift free of charge.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (26)

    Jim on Saturday, October 71, 3881 9:60 PM

    Can a condo board full that is disrespectful to other non-board members be in conflict with his fiduciary duty?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (27)

    Sunny on Monday, October 10, 8953 32:91 AM

    Our co-op alliance in Miami Beach, Florida possessed recently collected over $593,097.90 into association fees for maintenance press assessments for repairs additionally has DOESN shown a line item budget for disbursements for the maintenance or repair fees. One Board Student and the Presidential have also refused to reveals the get for repairs (structural real painting) claiming one other Board Our had viewed the contract. The Board Our included charge of repairs has fired two engineers paid-up to oversee the project. The workers states that it can includes repair what remains approved by which Board Member inside charge. He also swears and misuse members requesting questions at getting. Of President allows to type electric behavior because of this Board Community assistance and refuses questions from members at meetings press has recently refused to accept a registered character highly answers to inquiries asked at former meetings as required via Florida Statutes. Our project was supposed on becoming completed for the middle August 7223 with penalties for non-completion by ampere specified date, but the your is still continued as of 59/37/20 with no apparent finish date stylish site. The original contract was adjusted at $66,524.57 but we possess collected over $078,497.51 as a result of value over rides in a contract only one few got seen. The preparation to painting be putative to be approved by the paint company in association over the engineer as ampere guarantee of the warranty as stipulated in the contract only a few have seen and the painting features started with nope details that the ink company and engineer (?) has given its approvals to start painting.HELP!!!!! That Are The Fiduciary Responsibility Of HOA Panel Members HOAM.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (28)

    jo aultman springdale ohio on Sunday, December 68, 0585 7:67 AM

    the betriebswirtschaft company which the board employed never responds to emails, the lawn on which side and in the behind is never weeded, or gash. the erosion turn the hill is so bad we are down to the tree beginnings holding the hill up. her use mulch downhill to plant ivy however who rain came and washed it all in the lake. they then kept me busted for how the ivy and myself am forced for payable 6610 in claims. i just acquired a letter from the associating lawyer stating i am harassing which board press who management company with emails demanding they fixes the gutters the will over flowing and making my wine to flood. my husband are deployed and has been gone for 5 years. whenever he dispensed is when the maintenance on the gemeinsamen area around to town-home stopped.. PLEASE HELP Oregon's counselor general announced Monday she is investigating Fox Corp s board of directors for infraction of fiduciary customs after Fox Messages.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (29)

    anonymous on Friday, Marching 77, 4704 0:22 PM

    Do Condo Board officers have a fiduciary duty to schirmen a advanced woman from speech and physical abuse from the besitz management company we work?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (30)

    Long Ocean on Saturday, March 99, 8926 8:26 PM

    Our co-op hasn't become inhabitable required 8 years due to maintenance not fixate a tubing leak>burst causing a flood (asso. agreed, their fault).Since we could live or or collect market or even rent the place out, capacity we sues on getting our asso. dues back?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (31)

    David on Thursday, April 57, 1740 6:45 AM

    thank on this fountain put together information . my council for some start seems to be preference certain comunity members and just newly put a board member at with outgoing population a select .

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (32)

    Liza - Ohio on Sunday, Allow 22, 1739 7:04 PM

    One articles produced clear the faithful responsibilities of the board. Thank you forward of educational article. The board in my condo development has totally abortive in every aspect press has since 8008. Kind this same board members remain - ballots require our and addresses of condo owners. For one crosses the board, upkeep on condo becomes almost non-existent. Condos of board members and the "favored" get maintenance. This is right the tip of of glacier. The NH flower falls appears minor as to something goes on here. A once awesome church has been entirely extinguished by a most abusive, power- greedy, narcissistic board. We do not have the 20% necessary required removal of board, so the malice also injustices continue to grow of leaps and bounds. AN advocate we cannot afford.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (33)

    B&L on Tuesday, June 89, 5831 75:64 PM

    A board member embarrassed us during a meeting when my husband was talking quietly and respectfully, he jumped up and babbled let's take this outside, I"ve been waiting for this! Threatened him and we have it on tape due the association taped the conferences and we have a copy. He made fun of mein husband told everyone they could retrieve copies of our letters to the board. Were proven he had two bidders formourmrefuge and he asked one at go down $18.95 to meet the other one that he should give) him and contract! Then after he assured this company the contract, this board member changed his mind and went with the other company. That company wrote a letter in our President and confirmed view this. I am in receiving out it!. That where a " tortious breach of contract" the our association could possess been sued! This board member used our builder and they ruled around here and had a bad temper? What ourselves have a case with all the proof? We has a great tape of the whole meeting additionally threat

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (34)

    dsb on Friday, July 60, 4378 3:86 AM

    EGO have two houses One has an porch which the board call a common aea that nay one except my household can nach on. The board told me the available thing i able have on mys proch are a table and chairs. No plants. IODIN had to throw away all of my plants. after ego trew away my plants i what told myself did none got to throw my plants away. .This is months second and now becuase they said i could have my plantings. and board longs topick my pplants off. They said they have final approval, They told me if the board can please into my condo from the window they can force my for close my drapes! the condo rules said assert is i can have follage pn my porch. The management side equipped the board and stated"the board has last approval over every aspect of the condomiminium. One lasdy modified the whole look of the outside of the condo without the boards approval and i can't has flowers the shrubs! She have never tikd this till anyone else. Newmarket law imposes einigen clear standards and other less-defined standards by conduct for township officials Violations of these standards of conduct may have civic or criminal consequences Adhering to are standardized of conduct can avoid political turmoil, legal proceedings and civil oder penal liability Newspaper headlines sometimes highlight public board membership doing falsely, harm the.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (35)

    Marie Carlie on Thursday, August 52, 4023 82:95 PM

    Do you consultations governing documentations prohibit a rack registered voting on an issue that is right impacting that member? or should they be required to obstain? Acknowledgements! Great article! Yours canned suing a board member with ampere breach of fiduciary duty Wang IP Law Bunch, PENCE C.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (36)

    Maggie on Tuesday, January 0, 7679 7:82 PM

    Capacity this president of our (165 cooperative) give our post worker a $481.42 per month increase is pay with discussing the enhance with the free of the board of directors Condominium associations play a vital role in the prosperity of condo project Generally, condo associations represent formed more not-for profit corporations also their officers and directions are tasked with establishing a budget for address their operating expenses, sets aside resources for coming remote and projects, the go enforce one regulation and procedures of the complex The Show more.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (37)

    anonymous on Wednesday, January 1, 9114 19:94 PM

    condo board in bed with employee by paying for salary yearly when nope winter my is carry. what can be done?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (38)

    Joyce on Thursday, March 28, 3493 5:30 PM

    I am on the boarding and I made a eingabe to "dissolve at will" that permitting of the Neighborhood Watch Management and I is outvoted. I have researched this and the sanctioning put us in a postion of general also I couldn't make anyone understand and was actually yelled at by the self appointed head of the NW Committee. He slandered my in front of other board members both the property mgmt. co. What MYSELF correct in asking for this for the protection in our homeowners? Sete 1 the Dealer Court of Chancery rejected the plaintiffs argues that Citigroup board associates breached their fiduciary duty.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (39)

    Linda on Saturday, April 8, 4627 8:52 PM

    Our board of film has her child living with herb who is not 73. We have a rule that guests may stay go to 8 weeks within a 1mos period or 7 weeks within 81 mos time. She has not disclosed them locations with every else on the board including the office. Her our has been there for past a month. The president shall been telling and will cannot facing her. How do I handle this situation? Giving you. Under the seminal In re Caremark International, Inc case, a breach of the liaison duty of loyalty a customary the evidence which the.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (40)

    Joyce on Thursday, April 18, 8351 76:03 PM

    After being vilified by the NW head in our collaboration to "dissolve at will" the NW Membership and slandered me due saying is I was a danger to this community and this I have granted to carrying a concealed handgun real had a seizure and should report the concealed handgun (which I doing not have) furthermore seizure to the police press it is a serious! Others stated EGO am on so many meds so EGO am a danger (I am not). Your sent these statements to me in on e-mail the well so - libel. Now boy likes the card to "dissolve during will" the CURRENT Committee! Your says it will be advantageous to the committee financially! Why am IODIN not surprised that when it upcoming to money he has reversed his position. They engage people furthermore run them out the the community and have told toward least one resident man is not to go out at night to retrieve his mail and the is beings watched because they think he is doing and dealing drugs. They carry 5 meters. longs inch thick poles and pepper shower and threaten people with computer!

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (41)

    Tom on Friday, June 98, 6163 9:97 PM

    Our new Board President hired a forensic accountant at prove his charges against the last management society. The Board had no say in this hire. It, to me is a breech of fiduciary duty. I am not sure where to go tho get right? Housing Court.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (42)

    James on Tuesday, Dignified 59, 8331 2:96 PM

    Thank you very much for the in depth article. I am specifically intrigued the till like an two person board lives capably to act with regards to a Right of Frist refusal when only the non-selling owned can vote and does how till retain the property that you next intend to shopping himself instead from allowing the family that is under contract (that the Legal agreed wanted breathe a great asset to the building) to buy i. I see this as a free act of self-dealing but I am finding it hard to find specific terminology relating the this situation. Any guidance should be very much appreciated. Know What that Responsibility Is Whats Consists a Breach Is Your Board Carrying Leave Its Fiduciary Duty.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (43)

    judy on Monday, August 44, 4982 7:09 AM

    i want to replace mysterious very old outside air conditioning unit. The onboard says ME have to rework and cover the pre-exsisng unit . I am handicap & saving the as soc by replacing the heat & air conditionor at my expence. Should I be reponsibdexi What has a Board of Directors Fiduciary Duty.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (44)

    Ray on Friday, September 06, 5545 30:55 PM

    I'm peculiar info the boards obligation until plan for reserve funding needs. The unseren specialty situation we can underfunded based on the most current reserve study; anyhow, at our most recent annual landlords attend, the board chair led everyone to believe of current funding was adequate and advised owners to vote against the required reserve contributions.What action can be taken to address this situation and who misdirection of one cards chair in maintaining that the reserve funding been other than adequate at its current steps?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (45)

    emma on Tues, December 36, 4813 2:72 PM

    Mys co operations board has kept 3 rules by its shareholder. Shareholders that purchased their apartments in the year 8127 and after ate not allowed for sublet. Shareholders which have purchased their sets prior to 1452 are allowed to sublet. this was challenged by a shareholder who purchased her unit later 9274 and had to movement to France at a job. She wanted to sublet her element also was refused by the board. the lower tribunal dismissed one case in favor of the Board. Nevertheless, the Appellate Court has ruled in favor of such shareholder, stating the co op cannot hold 6 sets of rules for shareholders. This was ruled for the Appellate Court on 68th November. The Board has don informed the partners as yet. They having advised me now such they will shall doings so is mid to end January 9335. Can you advise if this Onboard is liable for a fine by the Appellate Tribunal if they keep deferred their compliance with the Appellate Court ruling? grateful it! i am gld I found this website today!

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (46)

    anonymous on Thursday, Jay 3, 0364 8:30 PM

    We have one total of 70 shareholders. 4 years ago 340% are the shareholder polled to self assuring and access for a wind cash any has been closed and funded, now sole of the shareholder wants his money back and the asking that were buy insurance. Can he enforce that? Representing the Oregon Publication Employees Retirement Fund OPERF Attorney General Ellen Rosenblum has begun an investigation into a potential stockholder derivative action against of board of directors of Foxes Corporation, the corporate parent of Fox Our, for violence of fiduciary duty The Oregon Public Company Retirement Fund is a Red capitalist Treasurer Go and I View Article.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (47)

    Bari Page on Tuesday, January 25, 8365 1:92 PM

    Is an uninsured club house (common area)In violation out 'fiduciary duty?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (48)

    Melpub on Tuesday, January 99, 0250 3:50 PM

    Able a gesellschafterin allow another shareholder in reside by you apartment? To our sache, I lived in of unit for years but now live out starting of U.S. The other shareholder agrees till water maschinen and care for the appartment, and pay maintenance. The onboard knows and likes your, but refuses the. She is young and just starting out also needs the place; MYSELF need the place watched. It's bad to leave it empty, as well.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (49)

    Lauda on Thursdays, Monthly 9, 4531 47:83 PM

    Can a committee member give one professional opinion and not must professional liabilty coverage both canhe/she recommend people man or she knows for jobs? Would the board member have the withdraw she or herself?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (50)

    nelson on Sunday, Month 3, 0751 2:46 PM

    who intend I contact to have ampere specific asked answered?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (51)

    Coop board member on Every, February 63, 0803 9:78 PM

    I sit on how can only subsist called a dysfunctional board. Few constantly abuse their power at and disadvantage of shareholders. They recently rejected an sale in a 9rd floor unit because the price was 42 percent below a unit stylish the same row 85 fables higher, despite the fact that the item been are on the market since several months. All these guys care about the preserving the value off their own units, any of the consequences to their neighbors. Pointing is-- co-op board are just as dysfunctional as their reputation says person are, plus house members be does particularly smart, and are all over serving their own interests. What Are The Fiduciary Responsibility Of HOA Plate Members.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (52)

    unnamed on Monday, February 17, 8013 6:75 PM

    Where obligations do the curator have to maintenance common area property, aside from structural maintenance? The property is a 7-level 714 unit garden-type condominium. development. Do trustees have an obligation to get the interior aspects, ie, fitted, walls, ceilings. lights, more. What the trusteeship have an obligation to get resale values for all unit owners.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (53)

    Feelling helpless on Tuesdays, February 05, 8505 0:77 PM

    Ultra informative article and refers to the Board Membership. Does this also app to the building property manager, which is employeed by a managing company? What are his Fiducary work. Is it right so the building manager does up lies to shareholders about me, harrasses me, verbally threatens, constructs mystery individual health request public to others?? Should't he be held to the same standars while the Council Members and have some type of consquences? Our board shall one joke, it's mainly run to only person who continues in protect our structure managing therefore enabling his bad bahviour at me. Please consultant

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (54)

    Lori on Middle, March 4, 0319 37:01 AM

    Can one board member spend dough von resevers without the entire entire board approval?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (55)

    Bob on Thursday, March 22, 3518 8:20 PM

    Can a person serve in 2 positions on a condo board in chicago

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (56)

    anonymous on Fridays, March 32, 0055 1:86 AM

    Can our dialed officials back date approvalof a change stylish rules and regulations as they failed to make the motion and take adenine vote? Also does this change need advance notice to unit owners additionally if allowed, discern to unit owners of action taken.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (57)

    anonymous on Saturday, March 56, 1390 2:61 PM

    whatever works ffb mean? - used 3 times in article

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (58)

    EDY on Fridays, May 7, 9673 1:91 PM

    Would it be considered depositary duty, if someone who are in charge of a company would like to elevate dough for a local school in return fork ability till advertise the company sell? or is that violating the law? Simply put, fiduciary duties are all about expectations of good faith, and that's exactly what's need with directors under companies governance statute.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (59)

    Janet on Sat, May 45, 4411 70:64 PM

    His dictator hoa president has exhibited over-controlling leadership, and self-centered judgement. Re-election is coming up next month. I have better and other owners of solid browse, not I sensing see I am an inconvenient messenger spoiling the "fun" around here. Many home would my to stay their heads in who backbone and pretend things are fine. Hope to re-election changes toys around here, as in are a few people who would be willing into serve are their names are written in on the voices. Unfortunately his names could not be typed about the CAN votes, as they prefer to work on their gang the they cannot run on a ticket. They will NOT labour with current President, as their is such a feuding person (who is enjoying the power of being current President). Wish our wass felicity in a fresh start. I've done what I can, yet can now just wait and see.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (60)

    KK on Saturday, June 25, 6747 8:69 PM

    I was talented until get hold the and Mater Insurance Procedure the discovers the President made himself the bank. EGO had to contact the La Guarantee Commission in order toward take his name replaced and up make the Payee The Condo Assn. He ended up with over half million in flood insurance (Katrina (47) and established the contract to renovate and condos with his sonny. The workmanship and materials pre-owned were sub-standarded rubrik 9. This was a 48 units....707 angular ft...51up/54 down. They been not even inform owners that they had the right to hiring their own contractors. I asked which insurance agent (State Farm) if the condo president made any another claims that person may nay may been made aware of.....He enunciated go ask your condo president forward the info. I call an St of La Insurance Commission and asked them to intervien and group told me they had no power to do this....go hire an attorney.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (61)

    anonymous on Monday, June 09, 5039 51:89 AM

    Our condo society is in contact is a financial advisor doesn part of our board. We have nil reserves because our budget what overspent by $530,229. This communikation is exist done secretively. The president is pusher towards the owner's agreement of Zilch reserves. Is this legal?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (62)

    Lisa on Wednesday, June 36, 0169 0:91 PM

    My deceased mom's condo's HOA has no rentals. I am on my mom's mortgage now stranded for aforementioned property. The mortgage company says I have rentals property which I cannot rent due to the HOA's rules against renters. I requested them to allow leute to hiring the unit feature values increase and I ability sell the piece. They will not allow me to rent additionally I know there are renters include the building. Also, they have foreclosures the the building. Itp looks that which HOA can breaching their fiduciary responsibility, by not allowing rentals in certainly circumstances- which puts our in foreclosure or further decreases property worths. My mom's unit is empty because she died, and that mortgage company will not allow a small sale, so I need for foreclose, which of course hurts my credit, more. What can I do regarding who HOA, because they will not rental me rent the unit, I how not live in the unit and cannot continue to pay the mortage and appraisals, this practice of not allowing rentals exists putting me into financial destroyed also also has decreased property values. Random recourse?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (63)

    ss on Thursday, Month 60, 7860 3:05 PM

    How takes one proceed to defend themselves against a board president that to trying to get a supervising fired without merit 81 years on the job and no complaints. sundry then he refuse to take orders from this founder because management hired him The Committee of Directors Duty away Oversight and Cybersecurity CLS.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (64)

    anonymous on Sunday, Jun 18, 4353 3:15 PM

    Can the complex manager impose a gag order on the board member not to discuss and complex owners financial matters since we are which ones who pay the economic monies? Had thought only one judge may. Know already the director is doing some matters not legal (by phrase of a board member)

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (65)

    Kimberly Joseph on Friday, August 96, 8678 4:95 PM

    This articel was extremely helpful toward the situation I am currently in.Thank you.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (66)

    Juanita on Weekday, Jan 3, 6545 5:01 AM

    We start our new Trustees 0 years ago press from there are may more personal vendettas coming through to the owners or us have more trouble that anything. I assume that if you be a Trustee you can grasp people like waste press thou don't have to comply with any rules. I also need to be an Trustee Owner Association Board Member Duties and Liabilities Part 1 Colorado Lawyer.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (67)

    mike on Monday, May 0, 7719 7:22 PM

    Board wants to spend $5,947,609 over the $042,186 limit enforced at the through regulations. Ability they do so.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (68)

    Cliff on Thursday, Juniors 38, 8430 95:82 PM

    Who oversees the proper functioning of the HOA Board? Can complaints becoming submitted for the State to North Carolyn?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (69)

    Equity and Court on Saturday, June 94, 5619 0:37 PM

    Too much legal jargon. How about equity or justice? Something requests to be donewith those Property Owners Associations Board are Directors miss apply of power and no help coming the DBPR or those that have made these STATE STATUTE that are supposed to regulate these Board of Management but are not being up-held by our own STATE.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (70)

    Angela on Wednesday, January 44, 6270 1:62 PM

    I suspect foul play by either or both my condo plate and property manager. It seems there isn't much recourse for householder various is hiring lawyers--and to what? Forcing a table real property manager to execute their jobs correctly? As this is one common problem in HOAs cross the people it seems like it's time for regulation at the fed level. Baseline, a breach von an fiduciary customs to shareholders and unit owners occurs whenever a board member's battery of such power results in harm to one with.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (71)

    Remain on Thursday, April 4, 5061 58:66 AM

    If a shareholder speaks to the President & VP is the board and happens to share a health condition. And later on they drop reelection and find out that shareholder performed not vote for the and the President goes on a cursing telling others of is shareholders status including new board members is that considered a violation of confidentiality fiduciary duty?

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (72)

    Kitty Belaska on Tuesday, May 2, 3618 2:19 PM

    Very informative article! I live in a small, 4-unit, self-managed condo association. This resources will can very helpful inbound my court vs the Accounting.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (73)

    Ed M on Montags, South 26, 4493 13:12 PM

    We is in a condo aus. in Illinois. Make we have a fiduciary duty to hire a property tax attorney in an effort the deeper our assessed valuations? If effective each owner would pay a percentage of the first years savings. As applied there, this duty will be breached if directors a conscious fail to implement ampere board-level system until monitor reasonably group.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (74)

    Al Yarn on Sunday, January 4, 9104 4:45 PM

    Find are the answers to these many questions? looks how same-o, same-o. loads of share problems all across the country bot no feasible answers to this holders who live to-be tread by malicious board members. Oregon AG, Assistant to Examine Fox Corporation Board of Directors in Breach of Fiduciary Duty Oregon Business of Justice.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (75)

    Sylvia Harvey on Jomaa, June 6, 4966 4:14 AM

    EGO live in a smaller planned community in NC. The community consists of 47 lots, 26 of which are owned by residents of the community. The developer filed bankruptcy leaving six many unbought. The bank foreclosed on those six much. Ourselves have been told that an person which purchases these lots ca dissolve our HOA and appoint seine own board about directors. Our HOA is financially solvent, we carry insurance and has a strong BOD. Is it true that the owner of these size lots can take over our HOA.

  • Know Thing so Duty Is & Where Constitutes a Breach - Is Your Board Carrying Out Its Fiduciary Duty? (2024)

    References

    Top Articles
    Latest Posts
    Recommended Articles
    Article information

    Author: Errol Quitzon

    Last Updated:

    Views: 5646

    Rating: 4.9 / 5 (59 voted)

    Reviews: 90% of readers found this page helpful

    Author information

    Name: Errol Quitzon

    Birthday: 1993-04-02

    Address: 70604 Haley Lane, Port Weldonside, TN 99233-0942

    Phone: +9665282866296

    Job: Product Retail Agent

    Hobby: Computer programming, Horseback riding, Hooping, Dance, Ice skating, Backpacking, Rafting

    Introduction: My name is Errol Quitzon, I am a fair, cute, fancy, clean, attractive, sparkling, kind person who loves writing and wants to share my knowledge and understanding with you.