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
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
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