Title 7, Corporations and Associations
0 chapters · 1,168 sections in this title.
Colo. Rev. Stat. § 7-42-101 Additional statements in certificates - mutual ditch corporation shares
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(1) When three or more persons associate under the provisions of law to form a corporation for the purpose of constructing a ditch, reservoir, pipeline, or any part thereof to convey water from any natural or artificial stream, channel, or source whatever to any mines, mills, or …
Colo. Rev. Stat. § 7-42-101.5 Acequia ditch corporation - definition - powers
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(1) For purposes of this section, acequia means a ditch that: (a) Originated prior to Colorado's statehood; (b) Has historically treated water diverted by the acequia as a community resource and has therefore attempted to allocate water in the acequia based upon equity in additio…
Colo. Rev. Stat. § 7-42-102 Work after organization
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(1) Any corporation formed under the provisions of law for the purpose of constructing any ditch, flume, bridge, ferry, or telegraph line, within ninety days from the effective date of its articles of incorporation, shall commence work on such ditch, flume, bridge, ferry, or tele…
Colo. Rev. Stat. § 7-42-103 Right-of-way
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Any ditch, reservoir, or pipeline corporation formed under the provisions of law shall have the right-of-way over the line named in the articles of incorporation, and shall also have the right to run water from the stream, channel, or water source, whether natural or artificial, …
Colo. Rev. Stat. § 7-42-104 Assessment on stock
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(1) If any corporation owning any ditch or canal for conveying or reservoir for storing water for irrigation purposes deems it necessary to raise funds to keep its ditch, canal, or reservoir in good repair or to pay any indebtedness theretofore contracted or the interest thereon,…
Colo. Rev. Stat. § 7-42-105 Right to purchase own stock
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(1) It is lawful for any corporation owning any ditch or canal for conveying or reservoir for storing water for irrigation purposes for its stockholders to purchase and acquire any of its outstanding capital stock, but no purchase of or payment for its own shares shall be made at…
Colo. Rev. Stat. § 7-42-106 Assessments to pay purchase price
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When any such stock has been purchased or contract entered into for the purchase of the same, the corporation shall have the power to use its funds and to levy and collect assessments on the remaining outstanding capital stock in the manner provided by law for the payment of any …
Colo. Rev. Stat. § 7-42-107 Shall furnish water to whom - rate
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Any corporation constructing a ditch under the provisions of law shall furnish water to the class of persons using the water in the way named in the articles of incorporation, in the way the water is designated to be used, whether to miners, millmen, farmers, or for domestic use,…
Colo. Rev. Stat. § 7-42-108 Shall keep ditch in repair
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Every ditch corporation formed under the provisions of law shall be required to keep its ditch in good condition so that the water shall not be allowed to escape from the same to the injury of any mining claim, road, ditch, or other property. If it is necessary to convey any ditc…
Colo. Rev. Stat. § 7-42-109 Penalty for damage
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Any person who willfully or maliciously damages or interferes with any road, ditch, flume, bridge, ferry, railroad, or telegraph line or any of the fixtures, tools, implements, appurtenances, or property of any corporation that is formed under the provisions of law commits a clas…
Colo. Rev. Stat. § 7-42-110 Consolidation of ditch companies - repeal. (Repealed)
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Source: L. 1876: p. 68, � 1. G.L. omitted. G.S. � 313. R.S. 08: � 995. C.L. � 2362. CSA: C. 41, � 150. CRS 53: � 31-14-10. C.R.S. 1963: � 31-14-10. L. 2002: Entire section amended, p. 1811, � 6, effective July 1; entire section amended, p. 1675, � 4, effective October 1. L. 2003:…
Colo. Rev. Stat. § 7-42-111 Extension of term
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When the term of years for which any corporation has been incorporated as a ditch company for the purpose of carrying water for irrigation purposes or as a reservoir company for the storage of water for irrigation purposes has expired or is about to expire by lawful limitation, a…
Colo. Rev. Stat. § 7-42-112 Procedure to extend term
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(1) Whenever the corporate life of any such ditch or reservoir company has expired or is about to expire, the stockholders may vote upon the question of extending the life of such company for another twenty years, or for any other term provided by statute, by first giving notice …
Colo. Rev. Stat. § 7-42-113 Duplicate certificate issued - when
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Any owner of capital stock, as shown by the records of a corporation formed under the law of this state, entitling the stockholder to the services of a ditch or to the use of water subject to the payment of assessments, the legal representative or assignee of any such stockholder…
Colo. Rev. Stat. § 7-42-114 Statement of loss
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If a certificate of capital stock has been lost, mislaid, or destroyed, and the stockholder, legal representative, or assignee has paid all assessments levied by the corporation against the stock, the stockholder, the stockholder's legal representative or assignee, and any lienho…
Colo. Rev. Stat. § 7-42-115 Publication of notice of demand
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Upon receipt of a demand pursuant to section 7-42-114, the corporation shall publish, at the expense of the person making the demand, at least once a week for five successive weeks, the fifth publication being on the twenty-eighth day after the first publication, in a newspaper o…
Colo. Rev. Stat. § 7-42-116 Duplicate conclusive against original
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If no claim of interest or ownership other than that made by the person filing a notice pursuant to section 7-42-114 or such person's legal representative or assignee is on file in the records of the secretary of the corporation prior to the date stated in the notice, the corpora…
Colo. Rev. Stat. § 7-42-117 Proof of right to certificate
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The corporation may require any legal representative or assignee of a stockholder of record to prove the stockholder's legal right to such certificate as a legal representative or assignee of the stockholder of record. The corporation may require any lienholder named in the books…
Colo. Rev. Stat. § 7-42-118 Liability of stockholders, directors, and officers
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Stockholders, directors, and officers of corporations formed under the provisions of this article shall enjoy the same measure of immunity from liability for corporate acts or omissions as stockholders, directors, and officers of corporations formed under the Colorado Business Co…