HPP BIZ: Part the third

[Obie]

"The bylaws for conflict of interest hadn't been changed since 2010."

Here's the bylaw.I notice that each board shall annually adopt a policy that includes what is posted below.If a previous board had a stricter policy it became void with the new board until they have a meeting.
There is nothing in this bylaw about lawsuits.

Section 11. Conflict of Interest. The board shall annually adopt a Conflict of Interest Policy that applies
to all board members and Association employees. The policy shall include the following:
(a) No member of the board shall vote at any board meeting on any issue in which such member has a
conflict of interest. The director shall disclose the nature of the conflict of interest prior to a vote at the
board meeting, and the minutes of the meeting shall record the fact that a disclosure was made.
(b) Any after-the-fact disclosure of a conflict of interest on the part of any director shall result in the
nullification of any relevant vote of the director and shall be grounds for dismissal from the board.