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Colorado Statutes, Title 7

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Title 7, Corporations and Associations

0 chapters · 1,076 sections in this title.

All chapters in Title 71,076 Ch 58129 Ch 9088 Ch 8082 Ch 5665 Ch 6459 Ch 6255 Ch 6050 Ch 6131 Ch 10827 Ch 12825 Ch 5522 Ch 3021 Ch 10720 Ch 12719

11 sections·Filtered byTitle 7✕Ch 114✕

Colo. Rev. Stat. § 7-114-101 Authorization of dissolution before issuance of shares
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If a corporation has not yet issued shares, a majority of its directors or, if no directors have been elected, a majority of its incorporators may authorize the dissolution of the corporation. Source: L. 93: Entire article added, p. 822, § 1, effective July 1, 1994.
Colo. Rev. Stat. § 7-114-102 Authorization of dissolution after issuance of shares
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(1) After shares have been issued, dissolution of a corporation may be authorized in the manner provided in subsection (2) of this section. (2) For a proposal to dissolve the corporation to be authorized: (a) The board of directors shall adopt the proposal to dissolve; (b) The bo…
Colo. Rev. Stat. § 7-114-102.5 Dissolution upon expiration of period of duration
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(1) A corporation shall be dissolved upon and by reason of the expiration of its period of duration, if any, stated in its articles of incorporation. (2) A provision in the articles of incorporation to the effect that the corporation or its existence shall be terminated at a stat…
Colo. Rev. Stat. § 7-114-103 Articles of dissolution

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(1) At any time after dissolution is authorized, the corporation may dissolve by delivering to the secretary of state, for filing pursuant to part 3 of article 90 of this title, articles of dissolution stating: (a) The domestic entity name of the corporation; (b) The principal of…

Colo. Rev. Stat. § 7-114-105 Effect of dissolution

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(1) A dissolved corporation continues its corporate existence but may not carry on any business except as is appropriate to wind up and liquidate its business and affairs, including: (a) Collecting its assets; (b) Disposing of its properties that will not be distributed in kind t…

Colo. Rev. Stat. § 7-114-301 Grounds for judicial dissolution

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(1) A corporation may be dissolved in a proceeding by the attorney general if it is established that: (a) The corporation obtained its articles of incorporation through fraud; or (b) The corporation has continued to exceed or abuse the authority conferred upon it by law. (2) A co…

Colo. Rev. Stat. § 7-114-302 Procedure for judicial dissolution

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(1) (a) A proceeding by the attorney general to dissolve a corporation must be brought: (I) In the district court for the county in this state in which the street address of the corporation's principal office or the street address of its registered agent is located; (II) If the c…

Colo. Rev. Stat. § 7-114-303 Receivership or custodianship

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(1) Unless an election to purchase has been filed under section 7-114-305, a court in a judicial proceeding to dissolve a corporation may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage, the business and affairs of the corporation. The …

Colo. Rev. Stat. § 7-114-304 Decree of dissolution

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(1) If after a hearing the court determines that one or more grounds for judicial dissolution described in section 7-114-301 exist, it may enter a decree dissolving the corporation and stating the effective date of the dissolution, and the clerk of the court shall deliver a certi…

Colo. Rev. Stat. § 7-114-305 Election to purchase in lieu of dissolution

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(1) In a proceeding under section 7-114-301 (2) to dissolve a corporation, unless otherwise provided in the articles of incorporation or bylaws of the corporation, the corporation may elect or, if it fails to elect, one or more shareholders may elect, to purchase all shares owned…

Colo. Rev. Stat. § 7-114-401 Deposit with state treasurer

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Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not legally competent to receive them shall be reduced to cash and deposited with the state treasurer as property presumed to be a…