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After the Palm ruling, how community association boards can comply

After the Palm ruling, how community association boards can comply

A year ago, a controversial court decision challenged the ways community association boards do business. Today many are figuring out how to live with it. In the case of Palm vs. 2800 Lake Shore Drive Condominium Association, the Illinois Appellate Court interpreted several matters of fiduciary responsibility. These interpretations are inconsistent with long-standing board practices, causing widespread concern that more lawsuits could be coming. "I've seen some rulings generate interest, but this has got to be one of the biggest," said attorney David Hartwell of Penland & Hartwell LLC in Chicago. Among the decision's finer points: A board or quorum of the board may...

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