If you want to find out for yourself how monstrous HOA legislation can be, you need look no further than Michigan.
This state has just passed a law the shields non-profit boards of directors from all liability and accountability. Whew! All? Homeowners Associations, Condo Associations, Co-ops are all non-profit corporations. They handle all our money, they casually throw around our home equity and our life savings, and they’re now exempt? What hath God wrought?
Read the link below and weep.
And remember the words of Gideon J. Tucker and Samuel Clemens: “No man’s life, liberty or property are safe while the Legislature is in session.”
Talk about opening the floodgates for theft and corruption! Someone drank the Kool-Aid down in Michigan, that’s for sure.
Oh, don’t you just love how state regulations are working so well for Homeowner Associations?
apparently this new statute is aimed at all non-profit corporations, and most HOAs just so happen to be non-profit corporations!
Once again we ask the million dollar question: Why are we governing communities as corporate entities rather than public entities?