HOA Board Member’s Mismanagement of Funds in Utah

Question:

Rogue grounds board member spent 140,000.00 dollars put us in the hole !! Then called for a special assessment of 6500.00 per 80 units to dig out of his overzealous spending without permission with handwritten receipts?

– Jana

 

Answer:

Hi Jana,

If a board member is not fulfilling their fiduciary duties, you can try to remove them from the board. Your governing documents will usually outline the procedure for board member removal. The Utah Revised Nonprofit Corporation Act Section 808 also addresses this. If you suspect that a financial crime has taken place, it is best to refer the issue to law enforcement.

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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