Q: I am considering running for a seat on my HOA board. We are a community of about 80 homes. I am concerned about my indemnity as a board member. I tried to find a clause in my bylaws, but I can’t seem to locate wording that speaks directly to that. Our HOA property manager directed me to Chapter 47F of the North Carolina General Statutes (the NC Planned Community Act), but I still don’t see any language that would prevent a lawsuit from being directed toward me personally for action I take as a director of the HOA. Can you shed some light on this?
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
Police arrested a former condominium manager this morning on four charges of grand theft of more than $50,000 and organized fraud involving two Midtown condominium associations.