Effective Date: August 10th, 2022
Key points:
Enacted in Colorado in 2022, clarifies the duration of proxy voting rights within homeowners' associations (HOAs). Specifically, the bill amends Colorado Revised Statutes Section 38-33.3-310 to state that a proxy terminates eleven months after its date, unless the proxy itself indicates an earlier termination date.
This legislation ensures that proxy voting rights are time-bound, promoting current representation in HOA decision-making processes.
