Under New Jersey law, an association’s Board of Trustees has a fiduciary obligation to its members similar to that of a corporate board to its shareholders. See Kim v. Flagship Condo..
Under New Jersey law, an association’s Board of Trustees has a fiduciary obligation to its members similar to that of a corporate board to its shareholders. See Kim v. Flagship Condo. Owners Ass’n, 327 N.J. Super. 544, 550, App. Div. 2000.
Eminent domain, sometimes referred to as condemnation, occurs when the government exercises its power to take private property for public use. When this awesome power is exercised, the.