Who Is In Charge of Your Building’s Money?

By definition, fiduciary responsibility refers to the obligation that one party has in relationship with another to act entirely on the other party’s behalf and best interest.  Read more here: Fiduciary Responsibility.

To protect itself, the Corporation, its physical property and all of its shareholders’ interests, the Board traditionally designates at least one resident-shareholder officer, usually called the Treasurer of the Board, to lead it through its fiscal duties.  Read about the duties and responsibilities of the Board Treasurer here.

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