Condo Q&A

Reserve fund max and board member question from Denver, Colorado

Written by Andrea Wasik | Thu, Aug 6, 2015 @ 11:17 PM

I 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?