What State Laws primarily affect Associations in Colorado?
There is one primary state statute that affects Associations in Colorado: the Colorado Common Interest Ownership Act (CCIOA), which is found in CRS 38-33.3. There are also a broad variety of State laws that affect the operation of Associations: State Insurance, labor, land use, foreclosure, debt collection, nonprofit corporation law, and many other laws. Generally, a properly qualified community manager and/or attorney know which laws apply to the Associations or know where and when to refer a question to a qualified attorney. 4. Is it important that Association Board members understand the various governing documents? It is very important but not mandatory that Association Board members read and understand the various governing documents. Board members are elected to fiduciary positions, a position of trust. If a Board member does not comprehend these documents, it may be difficult to make decisions in the best interest of the members (the owners), a position for which they have volun