House Bill 09-1248
This piece of legislation updates the revised Colorado Nonprofit Corporation Act with respect to procedures HOA Board of Directors (BOD) must follow when acting as the BOD outside of a board meeting. Elements of this Bill include the following: (1) Each Board Member must receive written notice of the action to be taken. (2) Upon receiving this notice, the Member may vote in writing for the action, against the action, or may demand that the action be taken at a meeting. (3) After the time specified in the written notice has elapsed, the action will become effective if enough Members have voted in favor of the action.