A519B92F2F97AA328725873C005E2153 Hearing Summary

Revised Uniform Unincorporated Nonprofit Association Act. There was no public testimony on this agenda item. Commissioners explained that the uniform act defines the type of organizations covered, the relation of the principals to existing law, and the recognition of an unincorporated nonprofit association (UNA) as a legal entity. Also, the legal implications that go with that recognition, including the owning of and disposal of property and fiduciary and insurance requirements. Colorado already has the Colorado Revised Nonprofit Corporation Act in Title 7 under which most Colorado formalized nonprofits incorporate as nonprofit corporations. Current law does address some important gaps, but perhaps there are provisions in the uniform act that would be beneficial to Colorado.

      Commission consensus was to leave this act on the agenda to take a closer look at the revisions to see how it works with current law and obtain public comment on it.