The term “conflicts of interest” is often referred to and used in connection with community associations with respect to actions and decisions of board members. However, most people do not know what constitutes a legal conflict of interest as that term is defined by the Colorado Revised Nonprofit Corporation Act (“Nonprofit Act”). The Nonprofit ActGo to Resource
Governance Resources
What are policies and why do they exist? The purpose of policies is to set forth a process to be followed with respect to various issues. A policy, in most cases, is a safety net for associations to ensure everyone is being treated the same and the same processes are followed every time. Nine “goodGo to Resource
Football season is right around the corner. For some sports fans this means it is time to dust off the flag of their favorite NFL team and hang it on the garage for all to see. In addition, some homeowners may want to show support for their alma mater as college football rivalries are renewedGo to Resource
By: Elina B. Gilbert, Esq. Pursuant to the Colorado Revised Nonprofit Corporations Act and most governing documents, associations have authority to create, change, and disband committees, as well as the right to appoint and remove persons to/from such committees. Committees are useful tools to assist boards with managing their duties and building goodwill in theirGo to Resource
In order to effectively run a community, board members and managers must be familiar with that association’s governing documents because, in most cases, failure to follow the governing documents exposes the association and its directors to liability. Additionally, it is imperative to become familiar with the current practices of your association to ensure smooth andGo to Resource