Within 30 days of registering a condominium plan, a developer must appoint an interim board. The Land Titles Office files the names and addresses of interim board members. An interim board holds office until the election of the first board. Interim board members must follow standards of conduct in running the condominium corporation, including: Act honestly and in good faith with the best interests of the corporation Exercise care, diligence and skill that a reasonable person in similar circumstances would do Avoid conflict of interest Make reasonable efforts to pursue remedies or claims under warranties or insurance policies in connection with the corporation’s property A developer or interim board arranging a reserve fund study before a first board is elected must use an independent reserve fund study provider (a provider who is at “arm’s length”).