Please clarify whether the following are true:
- it is a Conflict of Interest for any Board member to take part in or vote to pay the expenses of any other organization in which they have a personal or financial interest. Should any matter come before the Board in which a Board member has a personal or financial interest, under state law, they are required to excuse themselves from any participation in decisions benefiting the other party.
- no Board member may order that our association treasury be opened to any outside party
- should the Association decide to spend its money on other independent corporations, the Board is subject to legal action brought on behalf of the Homeowners
- the Board’s Officers and Directors insurance does not cover illegal actions taken by the Board