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Investing Association Reserve Funds – Article by Benjamin J. Hong, Esq.

Posted by AmberPM on July 22, 2011 · Leave a Comment

In making investment decisions the Board should use its best business judgment to protect the association’s reserve funds. Always check your association’s governing documents first for any specific investment limitations that have been imposed on the Board. Absent such document specific limitations, the Board should be primarily concerned with the security of the funds and … Continue reading →

Filed under Board of Directors, Community Manager, investments, Learning Tools · Tagged with Amber Property Management, Association, board of directors, buisness judgement, certificates of deposit, Civil code 1365.5, deposit, FDIC, Homeowner Association, interest, investments, liquidity, Orange County Property Management, preservation of principle, Property Management, reserve, reserve funds, return

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