Title 7, Corporations and Associations

0 chapters · 1,168 sections in this title.

78 sectionsFiltered byTitle 7 Ch 56

Colo. Rev. Stat. § 7-56-605 Statement of consolidation or share or equity capital exchange
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(1) (Deleted by amendment, L. 2004, p. 1415, � 56, effective July 1, 2004.) (2) After a plan of consolidation or share or equity capital exchange is approved by all necessary action of all parties, the acquiring entity shall deliver to the secretary of state, for filing pursuant …
Colo. Rev. Stat. § 7-56-606 Effect of merger, conversion, consolidation, or share or equity capital exchange
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(1) The effect of a merger is determined by section 7-90-204. (2) The effect of a conversion is determined by section 7-90-202. (3) When a consolidation takes effect: (a) Each nonsurviving party to the consolidation consolidates into the surviving party, and the separate existenc…
Colo. Rev. Stat. § 7-56-606.5 Merger with foreign entity
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(1) One or more domestic cooperatives may merge with one or more foreign entities if: (a) The merger is permitted by section 7-90-203 (2); (b) The foreign entity complies with section 7-90-203.7 if it is the surviving entity of the merger; and (c) Each domestic cooperative compli…
Colo. Rev. Stat. § 7-56-607 Consolidation or share or equity capital exchange with foreign business
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(1) One or more domestic cooperatives may consolidate or enter into a share or equity capital exchange with one or more foreign entities if: (a) In a consolidation, the consolidation is permitted by the law of the jurisdiction under which each foreign entity is formed and each fo…
Colo. Rev. Stat. § 7-56-608 Dissenters' rights - definitions
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(1) As used in this section: (a) Dissenter means a member eligible to vote who exercises the right to dissent provided in this section at the time and in the manner required by this section. (b) Interest means interest required to be paid pursuant to this section at the average r…
Colo. Rev. Stat. § 7-56-609 Sale or other disposition of property without member approval
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(1) A cooperative may, on the terms and conditions and for the consideration determined by the board: (a) Sell, lease, exchange, or otherwise dispose of any of its property in the usual and regular course of business; except that a sale, lease, exchange, or other disposition of a…
Colo. Rev. Stat. § 7-56-610 Sale or other disposition of property requiring member approval
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(1) A cooperative may sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property, with or without its good will, only on the terms and conditions and for the consideration determined by the board and if the board proposes or submits and the members …
Colo. Rev. Stat. § 7-56-701 Authorization of dissolution before issuance of memberships
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If a cooperative has not yet issued memberships, a majority of its directors or, if the initial directors designated in the articles have not met or if not designated in the articles have not been elected, a majority of its incorporators, may authorize the dissolution of the coop…
Colo. Rev. Stat. § 7-56-702 Authorization of dissolution after issuance of memberships
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(1) After memberships have been issued, dissolution of a cooperative may be authorized in the following manner: (a) The board, by a two-thirds majority vote of all its members, shall first adopt a resolution recommending dissolution that conforms to the requirements of paragraph …
Colo. Rev. Stat. § 7-56-703 Articles of dissolution
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(1) At any time after dissolution is authorized, the cooperative 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 cooperative; (b) The principal of…
Colo. Rev. Stat. § 7-56-704 Revocation of dissolution. (Repealed)
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Source: L. 96: Entire article R&RE, p. 524, � 1, effective July 1. L. 2002: IP(3) and (4) amended, p. 1819, � 30, effective July 1; IP(3) and (4) amended, p. 1684, � 28, effective October 1. L. 2003: IP(3), (3)(a), and (4) amended and (5) added, p. 2232, � 102, effective July 1, …
Colo. Rev. Stat. § 7-56-705 Effect of dissolution
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(1) A dissolved cooperative continues its 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 assets that will not be distributed in kind to its members …
Colo. Rev. Stat. § 7-56-706 Disposition of known claims by notification. (Repealed)
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Source: L. 96: Entire article R&RE, p. 526, � 1, effective July 1. L. 2006: Entire section repealed, p. 884, � 87, effective July 1. Editor's note: This section was similar to former � 7-55-114 as it existed prior to 1996.
Colo. Rev. Stat. § 7-56-707 Disposition of claims by publication. (Repealed)
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Source: L. 96: Entire article R&RE, p. 527, � 1, effective July 1. L. 2003: (2)(a) amended, p. 2233, � 103, effective July 1, 2004. L. 2006: Entire section repealed, p. 884, � 87, effective July 1. Editor's note: This section was similar to former � 7-55-114 as it existed prior t…
Colo. Rev. Stat. § 7-56-708 Enforcement of claims against dissolved cooperative. (Repealed)
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C.R.S. 7-56-708Statutes 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. § 7-56-709 Service on dissolved cooperative - repeal. (Repealed)
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Source: L. 96: Entire article R&RE, p. 528, � 1, effective July 1. L. 2003: (4) added by revision, pp. 2356, 2357, �� 347, 348. Editor's note: (1) This section was similar to former � 7-55-114 as it existed prior to 1996. (2) Subsection (4) provided for the repeal of this section…
Colo. Rev. Stat. § 7-56-710 Grounds for administrative dissolution. (Repealed)
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Source: L. 96: Entire article R&RE, p. 529, � 1, effective July 1. L. 2000: (1)(b) amended, p. 951, � 13, effective July 1. L. 2003: (1)(b), (1)(c), and (1)(d) amended, p. 2233, � 104, effective July 1, 2004. L. 2004: (1)(b) amended, p. 1419, � 61, effective July 1. L. 2005: Enti…
Colo. Rev. Stat. § 7-56-711 Procedure for and effect of administrative dissolution. (Repealed)
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C.R.S. 7-56-711Statutes 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. § 7-56-712 Reinstatement following administrative dissolution. (Repealed)
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Source: L. 96: Entire article R&RE, p. 530, � 1, effective July 1. L. 2000: (1)(c) amended, p. 951, � 14, effective July 1. L. 2002: IP(1), (2), and (3) amended, p. 1819, � 31, effective July 1; IP(1), (2), and (3) amended, p. 1684, � 29, effective October 1. L. 2004: Entire sect…
Colo. Rev. Stat. § 7-56-713 Appeal from denial of reinstatement. (Repealed)
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Source: L. 96: Entire article R&RE, p. 531, � 1, effective July 1. L. 2004: Entire section repealed, p. 1420, � 63, effective July 1. SUBPART 3 JUDICIAL DISSOLUTION
Colo. Rev. Stat. § 7-56-714 Grounds for judicial dissolution
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(1) A cooperative may be dissolved in a proceeding brought in court by the attorney general if it is established that: (a) The cooperative obtained its organization through fraud; or (b) The cooperative has exceeded or abused the authority conferred upon it by law. (2) A cooperat…
Colo. Rev. Stat. § 7-56-715 Procedure for judicial dissolution
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(1) A proceeding to dissolve a cooperative brought by the attorney general shall be brought in the district court for the county in this state in which the street address of the cooperative's principal office is located or, if the cooperative has no principal office in this state…
Colo. Rev. Stat. § 7-56-716 Receivership or custodianship
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(1) A court in a proceeding to dissolve a cooperative may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage the business and affairs, of the cooperative. The court shall hold a hearing, after giving notice to all parties to the proceeding…
Colo. Rev. Stat. § 7-56-717 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 7-56-714 exist, it may enter a decree dissolving the cooperative and stating the effective date of the dissolution, and the clerk of the court shall deliver a certif…
Colo. Rev. Stat. § 7-56-718 Certain assignments of assets in dissolution
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In the winding up of the affairs of a cooperative when certain assets are not liquid and secured creditors having claim on these assets have been satisfied, the trustees in liquidation or other persons charged with winding up the cooperative's affairs are authorized to make assig…
Colo. Rev. Stat. § 7-56-801 Authority to transact business or conduct activities required
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Part 8 of article 90 of this title, providing for the transaction of business or the conduct of activities by foreign entities, applies to foreign cooperatives. Source: L. 2003: Entire part R&RE, p. 2235, � 110, effective July 1, 2004.
Colo. Rev. Stat. § 7-56-802 Registered agent - service of process
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Part 7 of article 90 of this title, providing for registered agents and service of process, applies to foreign cooperatives. Source: L. 2003: Entire part R&RE, p. 2236, � 110, effective July 1, 2004.
Colo. Rev. Stat. § 7-56-901 Application to existing cooperatives
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(1) A domestic corporation, association, or cooperative formed under this article before July 1, 1996, shall be governed by the provisions of this article. (2) A cooperative formed under article 57 of this title before July 1, 1996, until it elects to be governed by the provision…