Effect of judgment or order

Colo. Rev. Stat. § 7-30-108, under Corporations and Associations.

Colo. Rev. Stat. § 7-30-108

A judgment or order against a nonprofit association is not by itself a judgment or order against a member or a person considered to be a member by the nonprofit association.

Source: L. 94: Entire article added, p. 1274, � 1, effective May 22.

7-30-109. Disposition of personal property of inactive nonprofit association. (1) If a nonprofit association has been inactive for three years or longer, a person in possession or control of personal property of the nonprofit association may transfer the property:

(a) If a document of the nonprofit association states a person to whom transfer is to be made under those circumstances, to that person; or

(b) If no person is so stated, to a nonprofit association or nonprofit corporation pursuing broadly similar purposes or to a government, governmental subdivision, agency, or instrumentality.

Source: L. 94: Entire article added, p. 1274, � 1, effective May 22. L. 2003: Entire section amended, p. 2203, � 3, effective July 1, 2004.