Colorado Statutes

§ 38-33.3-219 — Rights of secured lenders

Colorado § 38-33.3-219
JurisdictionColorado
Title 38Property -
Art.Colorado Common Interest Ownership Act

This text of Colorado § 38-33.3-219 (Rights of secured lenders) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Colo. Rev. Stat. § 38-33.3-219 (2026).

Text

(1)The declaration may require that all or a specified number or percentage of the lenders who hold security interests encumbering the units approve specified actions of the unit owners or the association as a condition to the effectiveness of those actions, but no requirement for approval may operate to:
(a)Deny or delegate control over the general administrative affairs of the association by the unit owners or the executive board; or
(b)Prevent the association or the executive board from commencing, intervening in, or settling any solicitation or proceeding; or
(c)Prevent any insurance trustee or the association from receiving and distributing any insurance proceeds pursuant to section 38-33.3-313.

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Legislative History

Source: L. 91: Entire article added, p. 1732, � 1, effective July 1, 1992.

Nearby Sections

15
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Bluebook (online)
Colorado § 38-33.3-219, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/38/38-33.3-219.