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Home / Opinion Digests / Claims against condo directors barred by statute of limitations (access required)

Claims against condo directors barred by statute of limitations (access required)

A two-year statute of limitations bars a condominium association’s claims that former directors breached fiduciary duties, and conspired to do so, by failing to levy sufficient assessments to maintain reasonable reserve and operating accounts during their tenure. Further, the statute of limitations was not tolled because defendants did not obstruct the association from asserting its claims, ...