resources / Statutes / Colorado Common Interest Ownership Act / §38-33.3-310

Title 38 – Property – Real and Personal

Article 33.3 – Colorado Common Interest Ownership Act

Executive board – conflicts of interest – definitions

(1) Section 7-128-501, C.R.S., shall apply to members of the executive board; except that, as used in that section:

(a) “Corporation” or “nonprofit corporation” means the association.
(b) “Director” means a member of the association’s executive board.
(c) “Officer” means any person designated as an officer of the association and any person to whom the board delegates responsibilities under this article, including, without limitation, a managing agent, attorney, or accountant employed by the board.