Free Webinar: Legal Responsibilities of Boards Regarding Reserves

Description

Legal Responsibilities of Boards Regarding Reserves

Presented by Adam J. Marshall, Partner with Law Firm Carolinas, and Wayne Johnson, President of Association Reserves of the Carolinas, this webinar will explore the legal and financial responsibilities HOA boards face when planning and funding reserves.

Attendees will learn how fiduciary duties, governing documents, state law, and the Business Judgment Rule affect reserve decisions, as well as the potential consequences of inadequate planning, including deferred maintenance, special assessments, higher insurance costs, financing concerns, and board liability. We’ll also share practical best practices boards and managers can use to make, document, and defend responsible long-term financial decisions.