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Colo. Rev. Stat. § 38-33.5-101 Method of formation - purpose
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Cooperative housing corporations may be formed by any three or more adult residents of this state associating themselves to form a cooperative or nonprofit corporation, pursuant to article 55, 56, or 58 of title 7, C.R.S., or the "Colorado Revised Nonprofit Corporation Act", arti…
Colo. Rev. Stat. § 38-33.5-102 Requirements for articles of incorporation of cooperative housing corporations
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(1) In addition to any other requirements for articles of incorporation imposed by the "Colorado Revised Nonprofit Corporation Act", articles 121 to 137 of title 7, C.R.S., such articles of incorporation shall, in the case of cooperative housing corporations, include the followin…
Colo. Rev. Stat. § 38-33.5-103 Provisions relating to taxes, interest, and depreciation on corporate property
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(1) The bylaws of a cooperative housing corporation shall provide that no less than eighty percent of the gross income of the corporation in any taxable year shall be derived from payments from tenant-stockholders. For the purposes of this article, "tenant-stockholder" means an i…
Financing of cooperative housing - stock certificates held by tenant-stockholders
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Stock certificates or membership certificates issued by cooperative housing corporations to tenant-stockholders shall be valid securities for investment by savings and loan associations, when the conditions imposed by section 11-41-119 (13), C.R.S., are met. Source: L. 80: Entire…