Statutes Resources

Colorado Revised Nonprofit Corporation Act

Filed Under Statutes, Statutes

Posted October 28, 2022

ARTICLE 121 GENERAL PROVISIONS PART 1 SHORT TITLE AND RESERVATION OF POWER 7-121-101. Short title. Articles 121 to 137 of this title shall be known and may be cited as the “Colorado Revised Nonprofit Corporation Act”. 7-121-102. Reservation of power to amend or repeal. The general assembly has the power to amend or repeal allGo to Resource

By Elina Gilbert

Directors’ Statutory Standards of Conduct—Protect Yourselves From Liability!

Filed Under Governance, Nonprofit, Statutes

Posted October 3, 2022

When it comes to director duties and obligations, people throw around lots of terms, such as “fiduciary”, “duty”, and “best interests”. But rarely does anyone reference a specific statute, or specific language, in a statute addressing board duties. The truth of the matter is that such a statutory provision does exist. It’s cleverly hidden inGo to Resource

By Kiki Dillie

What to Know About How HB22-1137 Changed HOA Collections

Filed Under Collections, Legislation, Collections, Legislative Updates

Posted October 3, 2022

This past summer, the Colorado legislature passed HB22-1137, which became effective on August 9, 2022. This new law requires Colorado associations to update their Collection Policy, Covenant Enforcement Policy and Conduct of Meetings Policy. Additionally, it requires several changes to the collections and covenant enforcement processes. This article focuses on the collections changes, but ifGo to Resource

By David Closson

Executive Sessions and House Bill 22-1137

Filed Under Governance, Legislation, Legislative Updates

Posted September 1, 2022

One instance in which Colorado law favors transparency in homeowner associations is in the form of open Board meetings. Specifically, Section 308 of the Colorado Common Interest Ownership Act (“CCIOA”) provides that meetings of an association’s Board of Directors are generally open to attendance by all homeowners. The spirit of the law is to allowGo to Resource

By Elina Gilbert

Towing: Making Sure Your Community Complies with the New Requirements

Filed Under Towing, Statutes

Posted July 1, 2022

Does your association tow noncompliant vehicles? If so, it is imperative you know and understand some recent changes in the law when it comes to this remedy. Starting August 2022, your community will be required to comply with the new law or face exposure to liability. HB 22-1314 is a 28-page bill governing towing, andGo to Resource

Statutes Resources

Colorado Revised Nonprofit Corporation Act

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