When dissolving a Colorado HOA which is Incorporated do the governing documents still exist?

not a lawyer, but I would assume that the documents would be amended to note the dissolution and/or an additional set of legal documents will be recorded that document the dissolution. They wouldn't just disappear into the ether.

Note: your board needs to be working with the association attorney. That is the person who can answer this question. Ask the board if the attorney has told then that the documents will remain.

Adding to what Tim said, the corporate shield is what allows individuals to jointly own property without unacceptable levels of risk. Without it, individual homeowners risk being *personally* liable if someone were injured on commonly owned spaces, since insurers generally won't sell policies on property that you don't personally own.

Dissolving a condominium is almost impossible since the common elements form much of the structure of the buildings. Dissolution would involve selling the entire property to investors who would deconvert to rentals or tear things down and re-develop the land.

Based on no evidence whatever, I get the feeling that some number of owners and board members only see the expense side of an HOA and don't believe it's worth the money. They don't see the legal underpinnings and get the bright idea to dissolve. And then the next snowstorm arrives and they realize that they didn't think about who would clear the streets. Or somebody gets hurt and sues, and suddenly there's an uninsured casualty - and the homeowners don't even have a lawyer to represent them. And by the time they get their acts together and find someone, the deadline to respond to the suit has passed and the courts have awarded the plaintiff a million dollar settlement. Of course the plaintiff may have a hard time collecting without suing each owner individually. But people file lawsuits over the dumbest stuff if they think they can shake some money loose from someone.