Directors and Officers
of homeowner's associations must : "exercise their powers and
discharge their duties in good faith with a view to the interests
of the corporation and with that degree of diligence, care and skill
which ordinarily prudent men would exercise under similar circumstances
in like positions"
. At times an officer or director will view his or her position
as a means of personal advantage. While not uncommon, such behavior
erodes the spirit of the community and may get the offender in trouble.
In Maine, condominium associations are non profit corporations.
Maine laws concerning them are here.
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