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Subject: Reasonable Inquiry - California
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LindaL6
(California)

Posts:62


11/29/2009 7:17 PM  
Corp Code Section 7231. (a) A director shall perform the duties of a director, including duties as a member of any committee of the board upon which the director may serve, in good faith, in a manner such director believes to be in the best interests of the corporation and with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances.

I posted a link with Beth Grimm's legal take in reasonable inquiry.

Linda
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Forums > Homeowner Association > HOA Discussions > Reasonable Inquiry - California



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