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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…