| The board of managers, at
common law and according to the Condominium
Property Act, owe a corporate fiduciary duty to the unit owners.
A corporate fiduciary duty is less stringent than the duty of a custodial
trustee, but it does impose the obligation to act in the utmost good
faith in the operation of the association.
For more information on the fiduciary duties of board members,
please refer to the article: |
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