California HOA Escrow Services
Breach of Fiduciary Duty by Directors of Homeowner Associations
Directors of homeowner associations owe a fiduciary duty to the association and its members. This means that every director must:
- Place the interest of the association and its members above his or her own interests;
- Be absolutely loyal to the association;
- Avoid or disclose in writing any actual or potential conflicts of interest;
- Recuse himself or herself from voting on any matter where he or she has a conflict of interest or potential conflict of interest with the association;
- Comply with the law at all times in performing his or her duties as a board member; and
- Be truthful at all times in communicating with other board members.
Coast Management of California
818-991-1500