Courts normally defer to HOA boards following the BJR, as the State Supreme Court said in 1999 in Lambden v. La Jolla Shores.

Association directors are unpaid volunteers serving their neighbors — so is it fair that they could be sued for their volunteer work? The business judgment rule is the first thing any director should ...

The Nevada District Court recently clarified that the business judgment rule — a fundamental corporate law protection — applies to limited liability companies when their operating agreements specify ...

Outside Counsel 'Modified' Business Judgment Rule for Going-Private Transactions Scott M. Himes writes that in its recent opinion in 'In re Kenneth Cole Productions, Inc., Shareholder Litigation', the ...

The business judgment rule protects directors from personal liability if the board errs, but its protection is not unlimited.