Failure to take action in certain states, corresponding to Texas, can lead to the levy of misdemeanor costs against the board and open the board to potential lawsuits to implement state laws of governance. In some situations, a recognized failure to rectify the board’s governance to meet the state’s statutes can open the board’s members to non-public legal responsibility as most insurance coverage insurance policies indemnifying the board members against legal motion do not cover willful misconduct. Depending on the governing paperwork, HOA boards could create committees, corresponding to an “architectural control committee” , a pool committee, a neighborhood watch committee, and so forth. Many HOAs hire management companies to handle the governing duties of the association. Depending on the state, board meetings could also be required to be open to the general public, except in situations where a board may enter into an “government session” for dialogue on confidential … Read More
