Title 7, Corporations and Associations
0 chapters · 1,168 sections in this title.
Colo. Rev. Stat. § 7-103-101 Purposes and applicability
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(1) Every corporation incorporated under articles 101 to 117 of this title has the purpose of engaging in any lawful business unless a more limited purpose is stated in the articles of incorporation. (2) Where another statute of this state requires that corporations of a particul…
Colo. Rev. Stat. § 7-103-102 General powers
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(1) Unless otherwise provided in the articles of incorporation, every corporation has perpetual duration and succession in its domestic entity name and has the same powers as an individual to do all things necessary or convenient to carry out its business and affairs, including t…
Colo. Rev. Stat. § 7-103-103 Emergency powers
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(1) In anticipation of or during an emergency defined in subsection (4) of this section, the board of directors may: (a) Modify lines of succession to accommodate the incapacity of any director, officer, employee, or agent; and (b) Relocate the principal office or additional offi…
Colo. Rev. Stat. § 7-103-104 Ultra vires
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(1) Except as provided in subsection (2) of this section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act. (2) A corporation's power to act may be challenged: (a) In a proceeding by a shareholder against the c…
Colo. Rev. Stat. § 7-103-105 Agent may convey real estate - repeal. (Repealed)
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Source: L. 93: Entire article added, p. 749, � 1, effective July 1, 1994. L. 2003: (2) added by revision, pp. 2356, 2357, �� 347, 348. Editor's note: Subsection (2) provided for the repeal of this section, effective July 1, 2004. (See L. 2003, pp. 2356, 2357.)
Colo. Rev. Stat. § 7-103-106 Ratification of defective corporate actions - definitions
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(1) Defective corporate actions. (a) A defective corporate action is not void or voidable if ratified in accordance with subsection (2) of this section or validated in accordance with subsection (7) of this section. (b) Ratification under subsection (2) of this section or validat…