What Does it Mean to be a Fiduciary? In simplest terms, to be a fiduciary to another person or party is to be in a position of trust. For example, a patient trusts her doctor to make the correct diagnosis. A parishioner trusts his priest to keep his confessions confidential. And if you are ourGo to Resource
Amending Your Governing Documents Resources
Almost all homeowner associations in Colorado are either condominium communities or planned developments, with nothing in between (aside from a very small number of co-ops). Many might find this hard to believe given all the different types of communities we have labels for, such as townhomes, single family, patio homes, zero-lot-line homes, and mixed-use communities. Go to Resource
What Does Transparent Mean? What is the definition of transparent? In its simplest form: see-through or clear. In terms of a business or corporation: one that allows easy access to information and records. In terms of a government (although some may cry “Impossible!”): free from corruption, no hidden agenda, and accountability. Don’t all the aboveGo to Resource
Although many may not realize this, but drafting rules is a form of art. It’s an art in the sense that you have to know when it’s too much, when it’s too little, when it needs clarification, and when it conflicts with the law. For this reason, it is always recommended that draft rules beGo to Resource
Board Member Boundaries and Obligations – Part 1
As a board member, you have a slew of duties and obligations to carry out. Some of these duties and obligations are contained in the governing documents of the association; some are contained in statute. Regardless of where these duties and obligations originate, they must be followed and observed to keep the board members andGo to Resource