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57-8-10.3. Indemnification and limit of liability

Notwithstanding any conflict with the declaration or recorded bylaws, the organizational documents of an association of unit owners may indemnify and limit management committee member and officer liabilityfn1 to the extent permitted by the law under which the association of unit owners is organized.


Enacted 2013, ch. 152, eff. July 1, 2014.


 

FN 1.  Liability.  What liability do directors and officers have under the law? 

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Indemnification Provisions in Governing Documents.



The Condo Act and Community Association Act authorize an association's

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CounselOurHOA.com
HOA resources and laws annotated
CounselOurHOA.com
HOA resources and laws annotated