Category:
General Building Operations
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Court Decision – Suing Individual Board Members
Author:
Joseph Salmon
Publication date:
February 1, 2021
Article Summary:
rs/The blog discusses a court decision in Ontario, Canada, where a condominium corporation was allowed to sue an individual board member for breach of duty. The court found that the board member had acted outside the scope of his authority and failed to fulfill his duty of care to the corporation. The blog highlights the importance of understanding the duties and responsibilities of board members and ensuring that they act in the best interests of the corporation. The blog emphasizes the need for board members to obtain independent legal advice to protect themselves from personal liability. The blog also suggests that corporations should consider purchasing Directors and Officers liability insurance to provide additional protection to the board members.
Keywords:
Condominium corporation, board member, breach of duty, duty of care, personal liability, independent legal advice, Directors and Officers liability insurance.
Source Citation:
Joseph Salmon
Court Decision – Suing Individual Board Members
February 1, 2021
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