Indiana Code 32-25.5-4-1. Attorney general’s action against association or board member; misappropriation or fraud; proxy violations; budgeting violations
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Sec. 1. 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:
(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.
(1) The association’s funds have been knowingly or intentionally misappropriated or diverted by a board member.
Terms Used In Indiana Code 32-25.5-4-1
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Fraud: Intentional deception resulting in injury to another.
(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.
As added by P.L.141-2015, SEC.13. Amended by P.L.164-2016, SEC.7.