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By Andrea Wasik • August 6, 2015

Reserve fund max and board member question from Denver, Colorado

reserve_fund_money_bagI have 2 questions:

1) Is there a maximum dollar amount a condo association can have on their books for their reserve fund?

2) What is the legal requirement for number of board members? We currently have 3 members and one volunteer, shouldn't the volunteer have been given an actual position on the board?

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.

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