Title 7, Corporations and Associations
0 chapters · 1,168 sections in this title.
Colo. Rev. Stat. § 7-52-106 Applicability of revised nonprofit corporation act
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Except as this article is specifically in conflict therewith, the provisions of the Colorado Revised Nonprofit Corporation Act, articles 121 to 137 of this title, shall be applicable to this article. Source: L. 67: p. 867, � 6. C.R.S. 1963: � 31-25-6. L. 2003: Entire section amen…
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.…
Colo. Rev. Stat. § 7-56-101 Short title
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This article shall be known and may be cited as the Colorado Cooperative Act. Source: L. 96: Entire article R&RE, p. 478, � 1, effective July 1. Editor's note: This section is similar to former � 7-56-101 as it existed prior to 1996.
Colo. Rev. Stat. § 7-56-102 Legislative declaration
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(1) The general assembly finds and declares that: (a) The cooperative form of doing business provides an efficient and effective method for persons to market their goods and services and to obtain services and supplies and it is in the best interests of the people of the state of…
Colo. Rev. Stat. § 7-56-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Agricultural cooperative means a cooperative in which the members, including landlords and tenants, are all producers of agricultural products. (2) Agricultural products means agronomic, horticultural, viticultur…
Colo. Rev. Stat. § 7-56-104 Filings by the secretary of state
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(1) Part 3 of article 90 of this title, providing for the filing of documents, applies to any document filed or to be filed by the secretary of state pursuant to this article. (2) Repealed. (3) to (6) (Deleted by amendment, L. 2002, p. 1815, � 17, effective July 1, 2002; p. 1679,…
Colo. Rev. Stat. § 7-56-105 Effective time and date of documents. (Repealed)
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Source: L. 96: Entire article R&RE, p. 482, � 1, effective July 1. L. 2002: Entire section repealed, p. 1861, � 163, effective July 1; entire section repealed, p. 1728, � 163, effective October 1.
Colo. Rev. Stat. § 7-56-106 Periodic and other reports
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(1) Part 5 of article 90 of this title, providing for periodic reports from reporting entities, applies to cooperatives formed under or subject to this article. (2) The commissioner of agriculture may, by regulation, require reports from any cooperative formed pursuant to this ar…
Colo. Rev. Stat. § 7-56-107 Cooperative records
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(1) A cooperative shall keep as permanent records minutes of all meetings of its members and of the board, a record of all actions taken by the members or the board without a meeting by a written unanimous consent in lieu of a meeting, and a record of all waivers of notices of me…
Colo. Rev. Stat. § 7-56-201 Articles of incorporation
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(1) A cooperative may be formed pursuant to this article for the transaction of any lawful business. One or more persons may act as the incorporator or incorporators of a cooperative by delivering articles for the cooperative to the secretary of state for filing pursuant to part …
Colo. Rev. Stat. § 7-56-202 Amendment of articles
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(1) A cooperative may amend its articles at any time to add or change a provision that is required or permitted in the articles or to delete a provision not required in the articles. Whether a provision is required or permitted in the articles is determined as of the effective da…
Colo. Rev. Stat. § 7-56-203 Restated articles
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(1) The board may restate the articles at any time with or without membership action. (2) The restatement may include one or more amendments to the articles. If the restatement includes an amendment requiring approval by the members, it shall be adopted as provided in section 7-5…
Colo. Rev. Stat. § 7-56-204 Cooperatives desiring to relinquish provisions of this article
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(1) Any cooperative formed under or that has elected to be subject to this article may relinquish being bound by the provisions of this article by amending its articles in the manner provided in section 7-56-202 (2); except that the amendment shall be approved by a two-thirds maj…
Colo. Rev. Stat. § 7-56-205 Entities formed under other law but subject to this article
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Any domestic entity or foreign entity authorized to transact business or conduct activities in this state and engaged in any of the activities enumerated in this article but formed under any other law may be considered for all purposes as subject to this article by amending its c…
Colo. Rev. Stat. § 7-56-206 Cooperative name. (Repealed)
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Source: L. 96: Entire article R&RE, p. 489, � 1, effective July 1. L. 97: (1)(f) amended, p. 759, � 21, effective July 1, 1998. L. 2000: Entire section repealed, p. 990, � 109, effective July 1. 7-56-207. Use of the term cooperative - penalty for unlawful use. (Repealed) Source: …
Colo. Rev. Stat. § 7-56-207 Use of the term “cooperative” - penalty for unlawful use. (Repealed)
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C.R.S. 7-56-207Statutes 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. § 7-56-208 Bylaws
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(1) The initial board of each cooperative formed under this article shall, within thirty days after the articles become effective, adopt bylaws for the government and management of its affairs that are not inconsistent with law or the articles of the cooperative. Such bylaws may …
Colo. Rev. Stat. § 7-56-209 Agricultural marketing cooperatives
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(1) It is hereby recognized that agriculture is characterized by individual production in contrast to the group or factory system that characterizes other forms of industrial production; that the ordinary form of corporate organization permits industrial groups to combine for the…
Colo. Rev. Stat. § 7-56-210 Renewable energy cooperatives
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(1) It is the policy of this state to encourage local ownership of renewable energy generation facilities to improve the financial stability of rural communities. (2) Subject to the provisions of this article, a renewable energy cooperative may be organized for the purpose of pro…
Colo. Rev. Stat. § 7-56-301 Members
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(1) Subject to the provisions of this section and under the terms and conditions prescribed in the articles or bylaws adopted by it, a cooperative may limit admission as members or issue common stock only to persons engaged in the particular business or utilizing the goods or ser…
Colo. Rev. Stat. § 7-56-302 Member meetings - how called - notice
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(1) In its bylaws, each cooperative shall provide for one or more regular member meetings annually. Either the board or such officers as are designated in the bylaws shall have the right to call a special meeting of the members at any time, and the president, or other officer des…
Colo. Rev. Stat. § 7-56-303 Members' list for meeting
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(1) After fixing a record date for a meeting of the membership, the cooperative shall prepare a list of the names and addresses of all its members who are entitled to be given notice of the meeting. The members' list shall be available for inspection by any member or member's age…
Colo. Rev. Stat. § 7-56-304 Quorum
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(1) A quorum for conducting business at all meetings of the members shall be five percent of the total number of members or thirty members present in person at the meeting, whichever is less. Members present and voting in person or in any other manner authorized by the cooperativ…
Colo. Rev. Stat. § 7-56-305 Member voting
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(1) (a) Members of a cooperative may vote either in person or, if provided in the articles or the bylaws of the cooperative or a resolution of the board with respect to a particular issue, by any of the following methods: (I) Mail or electronic transmission if a means is provided…
Colo. Rev. Stat. § 7-56-306 Reserves, distributions, and patronage refunds
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(1) A cooperative shall periodically set aside a portion of net margins, per unit retains, or other funds that is reasonable as determined by the board or in accordance with the articles or bylaws, for reserves, distributions, patronage refunds, capital, or other lawful business …
Colo. Rev. Stat. § 7-56-307 Inspection of cooperative records by member
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(1) A member is entitled to inspect and copy, at the member's expense, during regular business hours at a reasonable location stated by the cooperative, any of the records described in section 7-56-107 (4) if the member meets the requirements of subsection (2) of this section and…
Colo. Rev. Stat. § 7-56-308 Scope of member's inspection right
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(1) A member's agent or attorney has the same inspection and copying rights as the member. (2) The right to copy records under section 7-56-307 includes, if reasonable, the right to receive copies made by photographic, xerographic copying, or other means. (3) The cooperative may …
Colo. Rev. Stat. § 7-56-309 Court-ordered inspection
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(1) If a cooperative refuses to allow a member, or the member's agent or attorney, who complies with section 7-56-307 to inspect or copy any records that the member is entitled to inspect or copy by said section within a prescribed time limit or, if none, within a reasonable time…