“Every board member has a fiduciary duty to the association,” says Peyton. “You really don’t violate it unless you reach into the realm of criminal level conduct. Most other board decisions and actions will be covered by the Business Judgment Rule—if you are stealing from the association...
The Estates of Apple Valley is managed by The Estates of Apple Valley Homeowners' Association, Inc. The neighborhood's Covenants and Restrictions contain rules that provide that all exterior improvements and/or alterations to dwellings or lots must first be approved by the Architectural Control Commit...
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