Let’s face it, being a board member is no easy task, especially if there is discord among directors on the board. When there is distrust among directors, communication becomes funnelled, selective, and exclusionary. But is this type of communication really in the best interests of the community? And even more so, is it legal? Oftentimes,Go to Resource
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ONE: Your Reserve Fund Is Your Friend. Don’t Ignore It. It used to be that I would periodically field questions on financial problems due to inadequate reserves. Today, I am constantly preparing special assessment letters, reviewing loan documents, drafting reserve study policies, and generally advising on all questions related to associations experiencing financial crisis. Why?Go to Resource
In a world of COVID-19, virtual meetings, and tensions still running high in many associations, members are more eager than ever to participate in the democratic process of the association. With the increased desire of members to participate, and in conjunction with virtual meetings, comes the inevitable questions of how do proxies work, when areGo to Resource
Did you know that Colorado law provides associations, directors, and officers with certain rights and protections that may only be utilized if appropriate verbiage is contained in the governing documents? Below are four examples of such rights and protections that must be contained in an association’s governing documents for an association, its directors, and/or officersGo to Resource
The Colorado Court of Appeals recently issued a decision confirming that a board of directors that reasonably interprets a validly adopted rule or regulation of the association is protected from liability. The crux of the decision is this: If claims alleging rule violations by a board of directors or nonprofit corporation do not involve allegationsGo to Resource