Colorado § 38-33.3-221 Merger or consolidation of common interest communities

Colorado Statutes

§ 38-33.3-221 — Merger or consolidation of common interest communities

Colorado § 38-33.3-221

Title 38Property -

Art.Colorado Common Interest Ownership Act

This text of Colorado § 38-33.3-221 (Merger or consolidation of common interest communities) 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. § 38-33.3-221 (2026).

Text

(1)Any two or more common interest communities of the same form of ownership, by agreement of the unit owners as provided in subsection (2) of this section, may be merged or consolidated into a single common interest community. In the event of a merger or consolidation, unless the agreement otherwise provides, the resultant common interest community is the legal successor, for all purposes, of all of the preexisting common interest communities, and the operations and activities of all associations of the preexisting common interest communities are merged or consolidated into a single association that holds all powers, rights, obligations, assets, and liabilities of all preexisting associations.

(2)An agreement of two or more common interest communities to merge or consolidate

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(1)
Any two or more common interest communities of the same form of ownership, by
agreement of the unit owners as provided in subsection (2) of this section, may be
merged or consolidated into a single common interest community. In the event of a
merger or consolidation, unless the agreement otherwise provides, the resultant
common interest community is the legal successor, for all purposes, of all of the
preexisting common interest communities, and the operations and activities of all
associations of the preexisting common interest communities are merged or
consolidated into a single association that holds all powers, rights, obligations,
assets, and liabilities of all preexisting associations.

(2) An agreement of two or more common interest communities to merge or
consolidate pursuant to subsection (1) of this section must be evidenced by an
agreement prepared, executed, recorded, and certified by the president of the
association of each of the preexisting common interest communities following
approval by owners of units to which are allocated the percentage of votes in each
common interest community required to terminate that common interest
community. The agreement must be recorded in every county in which a portion of
the common interest community is located and is not effective until recorded.

(3) Every merger or consolidation agreement must provide for the
reallocation of the allocated interests in the new association among the units of the
resultant common interest community either by stating the reallocations or the
formulas upon which they are based.