Amends standards of conduct for officers and directors of condominium corporations in Hawaii.

This bill amends the standards of conduct for officers and directors of condominium corporations in Hawaii. It specifies that officers must discharge their duties in good faith, consistent with loyalty to the corporation, and with the care an ordinarily prudent person would exercise. Officers can rely on information from reliable and competent sources. Directors must also discharge their duties in good faith, with loyalty to the corporation, and with the care an ordinarily prudent person would exercise.

Amends standards of conduct for officers and directors of condominium corporations in Hawaii.

This bill amends the standards of conduct for officers and directors of condominium corporations in Hawaii. It specifies that officers must discharge their duties in good faith, consistent with loyalty to the corporation, and with the care an ordinarily prudent person would exercise. Officers can rely on information from reliable and competent sources. Directors must also discharge their duties in good faith, with loyalty to the corporation, and with the care an ordinarily prudent person would exercise.