Section 32-25.5-4-1 - Attorney general's action against association or board member; misappropriation or fraud; proxy violations; budgeting violations 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.Amended by P.L. 164-2016, SEC. 7, eff. 7/1/2016.Added by P.L. 141-2015, SEC. 13, eff. 7/1/2015.