{"data":{"id":"us-co/c.r.s.-38-33.3-219","jurisdiction":"us-co","citation":"C.R.S. § 38-33.3-219","heading":"Rights of secured lenders.","body":"(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:\n\n(a) Deny or delegate control over the general administrative affairs of the association by the unit owners or the executive board; or\n\n(b) Prevent the association or the executive board from commencing, intervening in, or settling any solicitation or proceeding; or\n\n(c) Prevent any insurance trustee or the association from receiving and distributing any insurance proceeds pursuant to section 38-33.3-313.","path":["Title 38 - PROPERTY - REAL AND PERSONAL","Article 33.3 - Colorado Common Interest Ownership Act","Part 2 - CREATION, ALTERATION, AND TERMINATION OF COMMON INTEREST COMMUNITIES"],"source_url":"https://olls.info/crs/crs2026-title-38.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"74a90a3c1ff73e716580be4c6dca5884e4250e72ef80be323800d2cc551f2e1f","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-38-33.3-218","next":"us-co/c.r.s.-38-33.3-220"},"notice":"GroundRules: Original legal text. Not legal advice."}