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What are the Duties and Responsibilities of Officers?

April 26, 2017Officers responsibilities

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What are the Duties and Responsibilities of Officers?

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The obligations and responsibilities of officers are similar in nature to those of directors. In particular, officers have an obligation of honesty and loyalty as well as one of prudence and diligence. Officers may also share certain statutory obligations and liabilities with directors.

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Officers are charged with implementing board policy. If the board has authorized a painting project, the officers may negotiate the terms and sign the contract. The treasurer reviews and pays the bills of the association and collects assessments. The president presides at member meetings. The vice president presides when the president is temporarily unable to act. The secretary maintains minutes of the meetings of the association and conducts board correspondence. The treasurer is charged with collecting assessments and paying the association’s bills. Most community association documents provide for other officers in the board’s discretion. Officers are fiduciaries; see below.