Chapter 7 - CHAPTER 7 THE ASSOCIATION GOVERNING BOARD, OFFICERS, AND COMMITTEES

• Jurisdiction: Colorado

Chapter 7 THE ASSOCIATION GOVERNING BOARD, OFFICERS, AND COMMITTEES

SYNOPSIS

§ 7.1 INTRODUCTION

§ 7.2 THE DECLARANT-APPOINTED BOARD

§ 7.3 POWERS OF THE BOARD OF DIRECTORS

§ 7.4 ACCESS TO INFORMATION

§ 7.5 ELECTING THE BOARD OF DIRECTORS

§ 7.6 THE "APPOINTED" BOARD

§ 7.7 BOARD QUALIFICATIONS AND COMPOSITION

§ 7.8 TERM OF OFFICE

§ 7.9 BOARD MEMBER EDUCATION

§ 7.10 RESIGNATION OF BOARD MEMBERS

§ 7.11 REMOVAL OR RECALL OF BOARD MEMBERS

§ 7.12 GOOD FAITH, FIDUCIARY DUTY, CONFLICTS OF INTEREST, AND ETHICAL OBLIGATIONS

§ 7.12.1—Good Faith and Fiduciary Duty

§ 7.12.2—Conflicts of Interest

§ 7.12.3—Ethical Standards and Code of Conduct

§ 7.13 DIRECTOR LIABILITY

§ 7.13.1—Generally

§ 7.13.2—Reliance on Advice of Counsel or Other Professionals

§ 7.13.3—Directors and Officers Insurance and Indemnification

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