What, specifically, is a conflict of interest besides a few buzz words thrown about by managers, upset owners, and board members? And, to whom does it apply? Fortunately, boards are not left to make up or individually define conflicts of interest. The Colorado Common Interest Ownership Act (“CCIOA”), in conjunction with the Revised Nonprofit CorporationsGo to Resource
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Families with children are protected under the Fair Housing Amendments Act (“FHAA”), correct? Yes. The FHAA makes it unlawful for an association to discriminate based on familial status. So that means an association cannot restrict children from living in the community, correct? Wrong. An association can prohibit children from living in theGo to Resource
Bankruptcy is one of those mystical creatures that we’ve all heard about but hope we never encounter it. If your association hasn’t yet dealt with an owner who filed or is in an active bankruptcy, there’s a very good chance that you will! In fact, bankruptcies are frequently used by owners toGo to Resource
Have you ever been to an annual meeting where owners question decisions of the board and complain they were not consulted or allowed to vote on such decisions? How about board meetings where owners attend and demand they be allowed to vote on certain decisions? Unfortunately, this happens fairly often and isGo to Resource
The attorney-client privilege is the oldest privilege pertaining to confidential communications going back hundreds of years; the purpose of this privilege is to encourage full and frank communication between attorneys and their clients thereby allowing attorneys to be fully informed and provide the best legal representations they can. Communications falling under thisGo to Resource