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Board meetings, like the boards of government agencies, are generally open to HOA members, with some exceptions. As with government agencies, courts generally defer to the broad discretion HOAs enjoy in discharging their duties. [6] The HOA is also allowed to charge regular fees to homeowners within the development (comparable to taxes).
Boards of directors have a fiduciary duty to the property owners; violation of that duty may result in liability for individual directors, and as such the HOA will often adopt an ethics code for the board members to ensure they act ethically and in accordance with their responsibilities. [23]
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Board of supervisors. A board of supervisors is a governmental body that oversees the operation of county government in the U.S. states of Arizona, California, Iowa, Mississippi, Virginia, and Wisconsin, as well as 16 counties in New York. There are equivalent agencies in other states.
The CID Boards are often undemocratic. HOA board members are selected prior to the construction of the development and are only very rarely elected to their positions. However, in their communities, they take on the responsibilities and functions of municipal government offi
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Lee-Anne Bosch, Esq., is a Partner of the Law Firm of Goede, DeBoest & Cross, PLLC. Visit www.gadclaw.com or to ask questions about your issues for future columns, send your inquiry to: question ...
The board of directors helps with governance of the company. U.S. law requires that any company have one, though does not require how big it should be. By generic definition, the board of ...