Governance
Fiduciary duty
Fiduciary duty means directors must act in the association’s best interest, with reasonable care and loyalty. That includes reading financial reports, avoiding self-dealing, and documenting conflicts of interest. It does not require perfection—it requires honest, informed decisions.
These definitions are for general education only. They are not legal, financial, or tax advice. HOA rules vary by community and location—confirm details against your governing documents and qualified professionals before you act.
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