Do you know both CCIOA and the Nonprofit Act contain “default” provisions that kick in when your governing documents are silent? Although there may be too many of these provisions to discuss in a single article, below are some of the more important ones: Director Qualifications: If the governing documents are silent, a directorGo to Resource
Newsletter
While I celebrate 2020 now being in the past, I send you best wishes for a successful 2021. May we all have toilet paper, hand sanitizer, hope, and optimism in abundant supply in this new year. Last year was the year that was broken, in many cases. It was the year of broken concert toursGo to Resource
What is it? If you’ve come to one of our collections classes or read your Association’s Collection Policy, you may have heard the term acceleration. But what exactly is that? Accelerating means calling due all of the year’s assessments now. If it’s January and you accelerate assessments, all the monthly (or quarterly) assessments due thisGo to Resource
From time to time associations are forced to make a difficult decision of whether to evict a resident from a residence in the community. There are three typical situations where an association may feel the need to evict a resident. The first situation occurs after an association has initiated and completed a judicial foreclosure andGo to Resource
Many believe that associations are not required to pay taxes because they are non-profit corporations. However, in most cases, that is not accurate. In order for an association to be exempt from taxes, it must qualify as a tax-exempt entity under Section 501(c)(3) or (4) of the Internal Revenue Code. Section 501(c)(3) of the InternalGo to Resource