Title 7, Corporations and Associations
0 chapters · 1,168 sections in this title.
Colo. Rev. Stat. § 7-55-101 Cooperative association defined
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(1) The terms cooperative association and association include any cooperative organization, association, company, or corporation formed under this article and may be further defined as follows: (a) The distribution of its earnings is made wholly or in part on the basis of, or in …
Colo. Rev. Stat. § 7-55-101.5 Patronage capital for cooperative electric associations and cooperative telephone associations defined
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The term “patronage capital” includes any capital credit, patronage dividend, or patronage refund allocated by a cooperative electric association or cooperative telephone association to a member or patron thereof.
Colo. Rev. Stat. § 7-55-102 Articles of incorporation - filing
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(1) Five persons or more, except as specified elsewhere in this article, a majority of whom are residents of Colorado, may be associated and incorporated pursuant to this article for the cooperative transaction of any lawful business, except banking. Persons desiring to avail the…
Colo. Rev. Stat. § 7-55-103 Bylaws
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(1) Each association formed under this article shall, within thirty days after filing its articles of incorporation with the secretary of state, adopt bylaws for the government and management of its affairs that are not inconsistent with this article. Such bylaws may be amended o…
Colo. Rev. Stat. § 7-55-104 Board of directors
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The board of directors of a cooperative association shall be stockholders or members of such association or the representatives duly authorized in writing of a legal entity which is a stockholder or member of said cooperative association; except that the articles of incorporation…
Colo. Rev. Stat. § 7-55-105 Election of officers
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The officers of an association formed under this article shall consist of a president, one or more vice-presidents as may be prescribed by the bylaws, a secretary, and a treasurer, each of whom shall be elected by the board of directors at such time and in such manner as may be p…
Colo. Rev. Stat. § 7-55-106 Power of directors
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A majority of the board of directors of a cooperative association has full power or authority to authorize the execution and delivery of mortgages or deeds of trust upon, or the pledging of or encumbering of any or all of the property, assets, licenses, franchises, and permits or…
Colo. Rev. Stat. § 7-55-107 Powers
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(1) Every cooperative association has the power: (a) To have succession by its domestic entity name; (b) To sue and be sued and to complain and defend in courts of law and equity; (c) To make and use a common seal, and alter the same at its pleasure; (d) To hold such real and per…
Colo. Rev. Stat. § 7-55-107.5 Indemnification and personal liability of directors, officers, employees, and agents
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The association shall have the same powers, rights, and obligations and shall be subject to the same limitations as apply to domestic corporations as set forth in article 109 of this title 7. Association directors, officers, employees, and agents shall have the same rights as dir…
Colo. Rev. Stat. § 7-55-108 Application of powers
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The powers enumerated in section 7-55-107 shall vest in every cooperative association in this state except those formed under or subject to article 56 of this title, although such powers may not be stated in its charter or in its articles of incorporation. Source: L. 73: R&RE, p.…
Colo. Rev. Stat. § 7-55-109 Amendment of articles
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The articles of incorporation of a cooperative association or corporation may be amended at any regular or special meeting of the stockholders or members of such association. The proposed amendment must be first approved by a two-thirds majority of the directors. The notice of su…
Colo. Rev. Stat. § 7-55-110 Vote of stockholders or members
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Stockholders or members of a cooperative association may vote either in person or by mail as provided in the bylaws. Proxy or cumulative voting shall be prohibited except as permitted by the articles of incorporation and the bylaws of organizations incorporated prior to July 6, 1…
Colo. Rev. Stat. § 7-55-111 Use of the term “cooperative” - penalty for unlawful use - repeal. (Repealed)
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C.R.S. 7-55-111Statutes 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. § 7-55-112 Merger, conversion, or consolidation
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Two or more corporations formed under articles 30 to 55 or subject to articles 121 to 137 or articles 101 to 117 of this title, or a similar law of any jurisdiction, may be merged or consolidated as a cooperative association, or any cooperative association may convert into any fo…
Colo. Rev. Stat. § 7-55-113 Adoption of provisions of this article
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Every cooperative association, as defined in section 7-55-101 or formed or incorporated under any repealed Colorado statute pertaining to cooperative associations, except corporations or associations formed or incorporated under or subject to article 56 of this title, shall be co…
Colo. Rev. Stat. § 7-55-114 Dissolution of association
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Any association formed under this article may be dissolved and its affairs terminated voluntarily by a two-thirds majority vote of the members present and voting in person or by mail ballot at a regular or special meeting, if the meeting notice, with a mail ballot attached, state…
Colo. Rev. Stat. § 7-55-115 Exemption from securities laws
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Any security, patronage refund, per unit retain certificate, or evidence of membership issued or sold by a cooperative association as an investment in its stock or capital to the members of a cooperative association formed under this article or a similar law of any other state an…
Colo. Rev. Stat. § 7-55-116 Application of corporation laws
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The provisions of articles 30 to 52, 101 to 117, and 121 to 137 of this title and all powers and rights thereunder shall apply to the associations organized under this article, except where such provisions are in conflict with or inconsistent with an express provision of this art…
Colo. Rev. Stat. § 7-55-117 Associations not in restraint of trade
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No association formed under this article shall be deemed to be in restraint of trade or an illegal monopoly, or an attempt to lessen competition or to fix prices, nor shall the membership agreements or marketing contracts between the association and its members be illegal or in u…
Colo. Rev. Stat. § 7-55-118 Associations of other jurisdictions
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Any cooperative corporation or association formed under generally similar law of another jurisdiction may carry on any proper activities, operations, and functions in this state upon compliance with part 8 of article 90 of this title, with all rights of cooperative associations f…
Colo. Rev. Stat. § 7-55-119 Quorum
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A quorum for the election of directors, amending of the articles of incorporation, and conducting normal business at all meetings of the stockholders or members shall be five percent of the stockholders or members or fifty members or stockholders present in person, whichever is l…
Colo. Rev. Stat. § 7-55-120 Incorporation fees
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The fee for the incorporation of cooperative corporations or associations shall be determined and collected pursuant to section 24-21-104 (3), C.R.S., if formed with or without capital stock, payable to the secretary of state except as otherwise set forth in this article. Source:…
Colo. Rev. Stat. § 7-55-121 Periodic report
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Part 5 of article 90 of this title, providing for periodic reports from reporting entities, applies to associations formed under or subject to this article. Source: L. 73: R&RE, p. 434, � 1. C.R.S. 1963: � 30-1-21. L. 83: Entire section amended, p. 873, � 29, effective July 1. L.…