§ 32-25.5-4-1 — Attorney general's action against association or board member; misappropriation or fraud; proxy violations; budgeting violations

Indiana § 32-25.5-4-1

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 25.5: HOMEOWNERS ASSOCIATIONS
• Ch. 4: Attorney General Actions

Text

The attorney general may bring an action
against a board of a homeowners association or an individual member
of a board of a homeowners association if the attorney general finds
that any of the following apply:
(1) The association's funds have been knowingly or intentionally
misappropriated or diverted by a board member.
(2) A board member has knowingly or intentionally used the
board member's position on the board to commit fraud or a
criminal act against the association or the association's members.
(3) A proxy was exercised, or was allowed to be exercised, in
violation of IC 32-25.5-3-10.
(4) A violation of IC 32-25.5-3-3 has occurred.

Legislative History

As added by P.L.141-2015, SEC.13. Amended by P.L.164-2016, SEC.7.