IC 32-25.5-4-1 — Attorney general's action against association or board member; misappropriation or fraud; proxy violations; budgeting violations
Chapter 4. Attorney General Actions
Section text
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.
Source: official publisher (2026 edition)