Being a director on a board is rewarding but it has its challenges. As a director, the community blames you when things don’t go well. Over the last several years there has been a movement among some law makers to hold directors personally liable when associations lose lawsuits. Thank goodness this movement has failed each time a law maker tries to get it passed into law.
Assuming a statute like the one discussed above never passes, the current laws say that a director is indemnified from any liability in a community unless the problem is due […]