A.C.A. §4-33-830
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Nonprofit Corporation Act — Standards of Conduct for Directors
Directors of nonprofit corporations must act in good faith, with the care an ordinarily prudent person would exercise, and in a manner the director reasonably believes to be in the corporation's best interests. Applies to HOA board members serving as directors of the nonprofit corporation.
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Governance
| Ref | Requirement |
|---|---|
| Directors of nonprofit corporations must act in good faith, with the care an ordinarily prudent person would exercise, and in a manner the director reasonably believes to be in the corporation's best interests. | |
| Applies to HOA board members serving as directors of the nonprofit corporation. |
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