Title 7, Corporations and Associations

0 chapters · 1,168 sections in this title.

21 sectionsFiltered 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. § 7-114-103.5 Name of dissolved corporation - repeal. (Repealed)
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Source: L. 96: Entire section added, p. 1324, � 34, effective June 1. L. 2000: Entire section amended, p. 979, � 63, effective July 1. L. 2003: (2) added by revision, pp. 2356, 2357, �� 347, 348. Editor's note: Subsection (2) provided for the repeal of this section, effective Jul…
Colo. Rev. Stat. § 7-114-104 Revocation of dissolution. (Repealed)
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Source: L. 93: Entire article added, p. 823, � 1, effective July 1, 1994. L. 2000: (3)(a) and (5) amended, p. 979, � 64, effective July 1. L. 2002: IP(3) and (4) amended, p. 1850, � 122, effective July 1; IP(3) and (4) amended, p. 1715, � 122, effective October 1. L. 2003: IP(3),…
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. § 7-114-106 Disposition of known claims by notification. (Repealed)
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Source: L. 93: Entire article added, p. 825, � 1, effective July 1, 1994. L. 96: (2) amended, p. 1325, � 37, effective June 1. L. 2006: Entire section repealed, p. 884, � 87, effective July 1.
Colo. Rev. Stat. § 7-114-107 Disposition of claims by publication. (Repealed)
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Source: L. 93: Entire article added, p. 826, � 1, effective July 1, 1994. L. 2003: (2)(a) amended, p. 2328, � 266, effective July 1, 2004. L. 2006: Entire section repealed, p. 884, � 87, effective July 1. 7-114-108. Enforcement of claims against dissolved corporation. (Repealed) …
Colo. Rev. Stat. § 7-114-108 Enforcement of claims against dissolved corporation. (Repealed)
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C.R.S. 7-114-108Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 7-114-109 Service on dissolved corporation - repeal. (Repealed)
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Source: L. 93: Entire article added, p. 827, � 1, effective July 1, 1994. L. 96: (1)(a) amended, p. 1325, � 38, effective June 1. L. 2003: (4) added by revision, pp. 2356, 2357, �� 347, 348. Editor's note: Subsection (4) provided for the repeal of this section, effective July 1, …
Colo. Rev. Stat. § 7-114-201 Grounds for administrative dissolution. (Repealed)
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Source: L. 93: Entire article added, p. 828, � 1, effective July 1, 1994. L. 96: (1)(c) amended, p. 1325, � 39, effective June 1. L. 2000: (1)(b) amended, p. 980, � 65, effective July 1. L. 2003: (1)(a), (1)(b), (1)(c), and (1)(d) amended, p. 2328, � 267, effective July 1, 2004. …
Colo. Rev. Stat. § 7-114-202 Procedure for and effect of administrative dissolution. (Repealed)
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C.R.S. 7-114-202Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 7-114-203 Reinstatement following administrative dissolution - repeal. (Repealed)
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C.R.S. 7-114-203Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 7-114-204 Appeal from denial of reinstatement - repeal. (Repealed)
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Source: L. 93: Entire article added, p. 830, � 1, effective July 1, 1994. L. 94: (1) and (2) amended, p. 76, � 3, effective July 1. L. 96: (2) amended, p. 1326, � 41, effective June 1. L. 2003: (5) added by revision, pp. 2356, 2357, �� 347, 348. Editor's note: Subsection (5) prov…
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 proceeding by the attorney general to dissolve a corporation shall be brought 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 or, if the corporation…
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…