Association as trustee
- Statute:
- Colorado §318 · Part CCIOA-3 (CCIOA Part 3 — Management of the Common Interest Community)
- Topic:
- Governance · Trustee
- Applies to:
- HOA associations
With respect to a third person having a contract or tort liability to the association or dealing with the association, the association is a trustee of the owners. Insurance proceeds and similar funds are held in trust for the purposes the Act describes.
📄 Read the official text at leg.colorado.gov →
How SoShiny helps with Association as trustee
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Colorado §318 require?
- With respect to a third person having a contract or tort liability to the association or dealing with the association, the association is a trustee of the owners. Insurance proceeds and similar funds are held in trust for the purposes the Act describes.
- Who does Colorado §318 apply to?
- Colorado §318 applies to HOA associations in Colorado.
- What happens if our CID doesn't comply with §318?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Colorado community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Colorado §318?
- The official text is published by the Colorado General Assembly at leg.colorado.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Association as trustee?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Colorado §318 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Colorado-licensed attorney. For the official statutory text, see the link above.
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