Governance
Indemnification
Indemnification provisions may protect directors from personal liability for good-faith decisions, subject to state law and your documents. They do not shield fraud or gross negligence. Boards should carry directors and officers (D&O) insurance where available.
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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