New Case Limits Protections of Business Judgment Rule for Conflicted Directors It’s a Thursday night, you just got off of work, and you are ready to crack open a cold one with your favorite show—wrong, you are a volunteer board member for your homeowners association and have a three-hour long Board meeting to attend where you may or may not be greeted by disgruntled association members. For the overwhelming majority, individuals that serve on the Read more…
All About Meetings If you have found yourself reading this article, you are likely serving on the Board of Directors for your association. If you are new here, please refer to our previous articles in this several part series, which provide background on who makes up a board and what roles each director and officer play, as well as what fiduciary duties are owed by a director to the membership. These articles are designed to Read more…
All About Fiduciary Duties What is a Fiduciary Duty? A fiduciary is a person who holds the highest relationship of trust with one or more other parties. Typically, a fiduciary is responsible for prudently taking care of money or other assets for the benefit of another person. Thus, as fiduciaries the directors of a homeowner’s association owe the members or shareholders of that corporation certain duties. The primary fiduciary duties a director owes to an Read more…
Roseman Law, APC has formatted the 2021 Davis-Stirling Common Interest Development Act into an easily searchable, fully bookmarked PDF for your reference. You can view the Davis-Stirling Act below, or download it from the link at the bottom of this post. We have also formatted and bookmarked the 2021 Commercial and Industrial CID Act as a reference for our commercial association clients. The Commercial CID Act can be viewed below or downloaded from the links Read more…
Serving on the Board of Directors for your Association presents itself with certain challenges. These can be compounded greatly simply because there is no user-guide or manual available to answer some of the fundamental questions one might have. This article is designed to help new and old Board members to understand exactly what it is they volunteered for, and to explain what that means. What is a Board of Directors? The Board of Directors (“Board”) Read more…
Thank you so much medium.com and Authority Magazine for the exclusive of Steve Roseman in your interview series “How To Use Digital Transformation To Take Your Business To The Next Level.” The digital era we have entered, especially due to the unforeseen pandemic, is now the new norm and without a doubt, our future. Steve Roseman shared his take on what going cloud based has done for not only himself, but here at Roseman Law and how Read more…
On August 31, 2020, California Governor Gavin Newsom signed AB3088 into law. AB3088 enacted several new laws and modifications to existing laws meant to address the negative economic effects of the COVID-19 pandemic. One part of AB3088 is known as the “COVID-19 Tenant Relief Act of 2020” (“Relief Act”). This new set of laws enacted various rules and guidelines with the aim of protecting tenants in residential settings experiencing financial hardship as a result of Read more…
The firm honors 25th Anniversary with a ‘25 days of Giving’ initiative involving over 10 charities Woodland Hills, CA- (January 21, 2021) – Roseman Law, APC, Southern California based business and real estate law firm, is celebrating their 25th anniversary. With COVID-19 primarily at the forefront of everyone’s mind, Roseman Law, APC decided the best way to celebrate their major milestone of success is to give back to areas where it is needed most. The Read more…
APPROVED BILLS AND AFFECTED STATUTES AB 3182 – Limitations on Rental Restrictions Effective January 1, 2021 Amends Civil Code §4740 and Government Code §65852.2. Enacts new Civil Code §4741. AB 3182 imposes restrictions on common interest developments from enforcing provisions within their governing documents that unreasonably limit and/or effectively prohibit rentals. The legislative intent behind the bill, as expressed by its author, Assembly Member Phil Ting, is to “address the housing and homelessness crisis [in Read more…
With this crazy year coming to an end, Team Roseman has begun reflecting on our 2020 successes. Roseman Law, APC prides itself on being a client centered firm. From growing and expanding to global pandemics and mandatory stay at home orders, our firm continues to strive to provide all of our clients an effortless experience. Roseman Law works hard every day to educate, innovate, and thrive. At Roseman Law we are not just attorneys, we Read more…