The Colorado Common Interest Ownership Act (“CCIOA”) and the Colorado Revised Nonprofit Corporations Act (“Nonprofit Act”) are the two primary statutes governing homeowner associations in Colorado. These statutes are long, complex, and contain many provisions some people are not aware of. This article highlights a few of those important provisions. Nonprofit Act ☐ Meetings ofGo to Resource
Governance Resources
Are you having trouble getting volunteers to serve on the association’s board? Are current directors submitting their resignations with nobody seemingly there to take their places? Although there are a number of reasons why individuals do not volunteer to serve on boards, failing to secure a board of directors can negatively impact your association. BecauseGo to Resource
With rapid property development throughout Colorado, wildlife sightings in residential communities are becoming more and more frequent. From raccoons to bears, these animals are often attracted to trash cans left outdoors prior to or after pick-up, which can lead to headaches for associations. Several options exist when it comes to limiting these types of encounters,Go to Resource
When homeowners get upset with their HOA board members, they oftentimes accuse directors and officers of violating their “fiduciary duties”. But ironically, most people can neither define “fiduciary”, nor define “fiduciary duties” when asked. So, what does “fiduciary” mean and how does it apply to board members, if at all? These are the questions thisGo to Resource
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