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Volunteer board members can be held liable for the actions or inactions of the not-for-profit organization. http://lnkd.in/brmDHiR
Join the Conversation Comments (3)not-for-profit and co-op board are two different entities. co-op boards have insurance for members.
http://therealdeal.com/issues_articles/liability-lessons/
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visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
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Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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Guests of the board that participate in board meetings but do not vote may be liable and they should be added to the insurance that covers board members.
For volunteers that do not participate in board meeting but are in sensitive positions such as interviewing potential shareholders an attorney should respond to the question.
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