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2018 Indiana Code
TITLE 32. Property
ARTICLE 25.5. HOMEOWNERS ASSOCIATIONS
CHAPTER 4. Attorney General Actions
32-25.5-4-1. Attorney general's action against association or board member; misappropriation or fraud; proxy violations; budgeting violations
Universal Citation: IN Code § 32-25.5-4-1 (2018)
IC 32-25.5-4-1 Attorney general's action against association or board member; misappropriation or fraud; proxy violations; budgeting violations
Sec. 1. The attorney general may bring an action against a board of a homeowners association or an individual member of a board of a homeowners association if the attorney general finds that any of the following apply:
(1) The association's funds have been knowingly or intentionally misappropriated or diverted by a board member.
(2) A board member has knowingly or intentionally used the board member's position on the board to commit fraud or a criminal act against the association or the association's members.
(3) A proxy was exercised, or was allowed to be exercised, in violation of IC 32-25.5-3-10.
(4) A violation of IC 32-25.5-3-3 has occurred.
As added by P.L.141-2015, SEC.13. Amended by P.L.164-2016, SEC.7.
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