Have owners in your association ever approached you with a request to switch assigned parking spaces or garages that are allocated as limited common elements and your association’s documents? What did you tell them, and did you know that the Colorado Common Interest Ownership Act (“CCIOA”) specifically addresses this issue for post-CCIOA communities (i.e. createdGo to Resource
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Colorado Revised Nonprofit Corporation Act
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
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
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
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