Proxies can be assigned for the annual meeting. However, if a board member cannot attend a regularly scheduled board meeting, can the board give his/her proxy to another board member to be used for vo
Pursuant to Colorado law, board members can grant each other proxies (to be used during board meetings) only if the association’s bylaws specifically authorize the use of such proxies. Additionally, Colorado law only allows a board member to assign a “directed proxy” to another board member which directs the proxy holder exactly how to vote on an issue. If there is more than one issue to be voted upon by the board, the director assigning the proxy must designate how the proxy holder is to vote on each issue or assign a separate proxy for each issue to be voted on at the board meeting.
Community Essentials - February 2004
Community Essentials - February 2004