board/director/ARC decisions, standard for
See also Index, conflict of interest; liability, director; and business judgment rule. As to the association's duty, see also Index, duty to treat owners fairly.
A director (board member) must act with business judgment.
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See also Index, architectural review.
Statutes and Cases:
(For reference: 57-8 is the Condo Act, 57-8a is the Community Association Act, 16-6a is the Nonprofit Act)