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Community Association Boards and the Business-Judgment Rule (CO)

/ Owner - January 27, 2025

The business-judgment rule is an important legal doctrine in Colorado that applies to directors of common interest communities. Most often, the business-judgment rule is used as a defense to complaints pertaining to discretionary board decisions. The business-judgment rule requires courts to defer to corporate deliberations and avoid second-guessing the good-faith decisions of directors.    Read the article…………………………….

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