Other considerations of directors

Colo. Rev. Stat. § 7-58-820, under Corporations and Associations.

Colo. Rev. Stat. § 7-58-820

(1) Unless the articles otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long- and short-term interest of the association and its members, may consider:

(a) The interest of employees, customers, and suppliers of the association;

(b) The interest of the community in which the association operates; and

(c) Other cooperative principles and values that may be applied in the context of the decision.

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 796, � 1, effective April 2, 2012.