AZ HB2410

Establishes fiduciary duties for condominium and planned community board directors after declarant control ends, requiring them to act in good faith, with ordinary prudence, and in the best interest of all unit owners.

Provides legal presumption that directors acted properly in compliance with fiduciary duties, placing burden on challengers to prove breach by clear and convincing evidence.

Makes directors jointly and severally liable for damages and attorney fees if a court finds they breached their fiduciary duties.

Requires board members to declare conflicts of interest in open meetings before voting on matters that would benefit them or their close relatives, with the declaration recorded in meeting minutes.

Applies the same fiduciary duty standards and conflict of interest rules to both condominium associations under section 33-1243 and planned community associations under section 33-1811.