Rights of secured lenders

C.R.S. § 38-33.3-219
in effect
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38-33.3-219. Rights of secured lenders. (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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-38.docx#38-33.3-219Fetched: 10/6/2026
C.R.S. § 38-33.3-219 — Rights of secured lenders | Colorado Revised Statutes (2024 edition) | Corpus