Title 7, Corporations and Associations
0 chapters · 1,168 sections in this title.
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…
Colo. Rev. Stat. § 7-43-101 Certificate for flume companies. (Repealed)
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Source: G.L. � 279. G.S. � 316. R.S. 08: � 998. C.L. � 2365. CSA: C. 41, � 153. CRS 53: � 31-15-1. C.R.S. 1963: � 31-15-1. L. 69: p. 218, � 1. L. 96: Entire section repealed, p. 554, � 2, effective April 24.
Colo. Rev. Stat. § 7-43-102 Certificate for pipeline companies
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Whenever any three or more persons associate under the provisions of law to form a corporation for the purpose of constructing a pipeline for the conveyance of gas, water, or oil, they, in the articles of incorporation, in addition to the matters otherwise required, shall state t…
Colo. Rev. Stat. § 7-43-103 Nonprofit corporations - powers
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A nonprofit corporation subject to the Colorado Revised Nonprofit Corporation Act, articles 121 to 137 of this title, shall have all of the rights and powers granted by this article to the extent not inconsistent with said act, if such nonprofit corporation otherwise complies wit…
Colo. Rev. Stat. § 7-44-101 Tax exemptions - fees
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Any water users' association that is organized in conformity with the requirements of the United States under the reclamation act of June 17, 1902, and that, under its articles of incorporation, is authorized to furnish water only to its stockholders, shall be exempt from the pay…
Colo. Rev. Stat. § 7-44-102 Stock subscription record
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Any water users' association organized in conformity with the requirements of the United States under the reclamation act of June 17, 1902, with the consent of the board of county commissioners, may furnish the clerk and recorder of any county in Colorado a book containing printe…
Colo. Rev. Stat. § 7-44-103 Organization - assessments
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A corporation known as a water users' association may be formed under the Colorado Business Corporation Act, articles 101 to 117 of this title, or formed under or elect to be governed by the Colorado Revised Nonprofit Corporation Act, articles 121 to 137 of this title, for the pu…
Colo. Rev. Stat. § 7-44-104 Directors may file petition in district court
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(1) The board of directors of any water users' association formed under section 7-44-103 at any time may file a petition in the district court of the county in which the office of such water users' association is situated praying a judicial examination and determination of the qu…
Colo. Rev. Stat. § 7-44-105 Application to prior associations
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Sections 7-44-103 and 7-44-104 also apply to any water users' association formed under the law of this state prior to February 18, 1929. Source: L. 29: p. 293, � 3. CSA: C. 41, � 159. CRS 53: � 31-16-5. C.R.S. 1963: � 31-16-5. L. 2003: Entire section amended, p. 2208, � 24, effec…
Colo. Rev. Stat. § 7-44-106 Water users' association petition in district court - when
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(1) Where any water users' association formed under the law of this state has entered into or proposes to enter into a contract with the United States for the payment by the association of the construction and other charges of a federal reclamation project constructed or under co…
Colo. Rev. Stat. § 7-44-107 Associations may extend corporate life
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Any water users' association formed under the law of this state may amend its articles of incorporation so as to extend the life of the association to any date not later than one hundred years from the date of the approval, February 13, 1931. Source: L. 31: p. 268, � 2. CSA: C. 4…
Colo. Rev. Stat. § 7-45-101 Formation of toll road or toll highway company - description of corridor
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(1) A toll road or toll highway company shall be formed under Colorado law. On and after June 2, 2008, a toll road or toll highway company may not specify and map a transportation corridor in its filed formation document, and any corridor included in a filed formation document fi…
Colo. Rev. Stat. § 7-45-102 Definitions
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As used in this article, unless the context otherwise requires: (1) Associated rail corridor means a corridor for a proposed rail line and any related rail facilities necessary for the operation of a rail line that are to be located in the right-of-way of a toll road or toll high…
Colo. Rev. Stat. § 7-45-103 Deadline to commence work - maintenance of effort requirement
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A preexisting toll road or toll highway company shall commence work, including but not limited to planning, design, environmental mitigation, and other preconstruction work, on the toll road or toll highway proposed in its filed formation document no later than three years after …
Colo. Rev. Stat. § 7-45-104 Acquisition of right-of-way
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(1) Notwithstanding the provisions of section 38-2-101, C.R.S., on and after June 6, 2006, a preexisting toll road or toll highway company shall not have the power to exercise the right of eminent domain to acquire any part of the right-of-way of the three-mile corridor of a prop…
Colo. Rev. Stat. § 7-45-105 Planning standards and project review
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(1) A preexisting or new toll road or toll highway company shall not commence the construction of a toll road or toll highway or of any other element of a toll road or toll highway project until the toll road or toll highway or other element has been reviewed by every metropolita…
Colo. Rev. Stat. § 7-45-106 Environmental standards and review
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(1) (a) Before constructing and operating a toll road or toll highway or any other element of a toll road or toll highway project, a toll road or toll highway company shall prepare, at its own expense, environmental documentation that complies with the environmental stewardship g…
Colo. Rev. Stat. § 7-45-107 Construction safety standards
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When constructing and maintaining a toll road or toll highway or any other element of a toll road or toll highway project, a toll road or toll highway company shall comply with all department of transportation safety standards for state transportation projects. Source: L. 2006: E…
Colo. Rev. Stat. § 7-45-108 Notice requirements for proposed toll roads and toll highways - removal from titles and voiding of previously filed and recorded documents
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(1) (a) Within ninety days of June 2, 2008: (I) The county clerk and recorder of each county in which a preexisting toll road or toll highway company filed a disclaimer of interest and map pursuant to paragraph (b) of this subsection (1), as said paragraph (b) existed before June…
Colo. Rev. Stat. § 7-45-109 Use of land by toll road or toll highway company - right to repurchase unneeded condemned property
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Any interest in real property that is obtained by a preexisting toll road or toll highway company, other than a leasehold interest in property or rights-of-way acquired and owned by the department of transportation as authorized in section 7-45-104, within the three-mile corridor…
Colo. Rev. Stat. § 7-45-110 Sale of interest in or assets of a toll road or toll highway company
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(1) If any interest in a preexisting or new toll road or toll highway company is sold or transferred, the toll road or toll highway company shall continue to comply with the limitations set forth in section 7-45-109. (2) If a preexisting or new toll road or toll highway company s…
Colo. Rev. Stat. § 7-45-111 Public-private initiatives
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Nothing contained in this article shall prohibit a toll road or toll highway company from entering into a public-private initiative with the department of transportation in accordance with the provisions of part 12 of article 1 of title 43, C.R.S., for the purpose of enabling the…
Colo. Rev. Stat. § 7-47-101 Who may organize - powers
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(1) Three or more persons may associate themselves together under the provisions of law, for the purpose of procuring and establishing a cemetery or place of sepulture, and they shall, upon association and compliance with the provisions of law, be a body politic and corporate; ma…
Colo. Rev. Stat. § 7-47-102 May acquire land
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Any corporation formed under the law of this state to establish and maintain a cemetery or burial place for the dead may acquire suitable and sufficient land therefor in the manner provided by articles 1 to 7 of title 38, C.R.S. Source: L. 1887: p. 70, � 1. R.S. 08: � 1048. C.L. …
Colo. Rev. Stat. § 7-47-103 Land surveyed and platted
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Such corporation shall cause its land, or such portion thereof as may, from time to time, become necessary for that purpose, to be surveyed into lots, avenues, and walks, and to be platted. The plat of ground as surveyed shall be acknowledged by some officer of the corporation an…
Colo. Rev. Stat. § 7-47-104 Disposition of proceeds of sales of lots
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The net proceeds arising from the sale of lots by such corporation and all other income and revenue thereof, after paying for cemetery ground, shall be exclusively applied, appropriated, and used in improving, preserving, and embellishing the cemetery and its appurtenances, and t…
Colo. Rev. Stat. § 7-47-104.5 Reports
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(1) Each nonprofit cemetery corporation shall keep in its principal office and, upon reasonable request, shall make available for inspection and study to the owner of any grave space, niche, or crypt, or to a duly authorized representative of the owner, the following: (a) An annu…
Colo. Rev. Stat. § 7-47-105 Rights of lot owners
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(1) If the grounds purchased or otherwise acquired for cemetery purposes have been previously used as a burial ground, those who are lot owners at the time of the purchase continue to own the lots and are members of the corporation. (2) An owner of a lot, grave space, niche, or c…
Colo. Rev. Stat. § 7-47-106 Property exempt from taxes - attachment
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All the property of such corporation used or owned for the purposes of this article shall be exempt from taxation, assessment, lien, attachment, and levy and sale upon execution, except for the purchase price of the property. Source: L. 1887: p. 71, � 5. R.S. 08: � 1052. C.L. � 2…
Colo. Rev. Stat. § 7-47-107 Property not exempt - when
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The property of any corporation or association formed under the law of this state to establish and maintain a cemetery for the purposes of profit shall not be exempt from taxation, liens, or levy and sale until actually sold or disposed of for cemetery purposes; and when any bloc…
Colo. Rev. Stat. § 7-47-108 Not applicable - when
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The provisions of section 7-47-104 shall not apply to any association or corporation formed under the law of this state to maintain a cemetery for profit. Source: L. 1891: p. 58, � 1. R.S. 08: � 1054. C.L. � 2437. CSA: C. 41, � 234. CRS 53: � 31-26-8. C.R.S. 1963: � 31-22-8. L. 2…
Colo. Rev. Stat. § 7-47-109 Abandoned graves - right to reclaim
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(1) If there is a lot, grave space, niche, or crypt in a cemetery in which no remains have been interred, no burial memorial has been placed, and no other improvement has been made for a continuous period of no less than seventy-five years, the corporation that established or mai…
Colo. Rev. Stat. § 7-48-101 Short title
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This article shall be known and may be cited as the Colorado Business Development Corporation Act. Source: L. 65: p. 447, � 1. C.R.S. 1963: � 31-23-1.
Colo. Rev. Stat. § 7-48-102 Definitions
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As used in this article, unless the context otherwise requires: (1) Board of directors means the board of directors of a corporation created under this article. (2) Corporation means a Colorado business development corporation created under the provisions of this article. (3) Fin…
Colo. Rev. Stat. § 7-48-103 Incorporation - applicability of “Colorado Business Corporation Act”
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A business development corporation may be incorporated in this state pursuant to the provisions of article 102 of this title, and all the provisions of the “Colorado Business Corporation Act”, articles 101 to 117 of this title, not in conflict with or inconsistent with the provis…
Colo. Rev. Stat. § 7-48-104 Domestic entity name
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In addition to complying with part 6 of article 90 of this title, providing for entity names, each corporation created under this article shall have as part of its domestic entity name the words Business Development. Source: L. 65: p. 448, � 1. C.R.S. 1963: � 31-23-4. L. 2003: En…
Colo. Rev. Stat. § 7-48-105 Approval of governor
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The articles of incorporation shall not be filed by the secretary of state unless approved by the governor in writing. This approval shall not be given by the governor until the governor first has sought the advice of the division of commerce and development. Source: L. 65: p. 44…
Colo. Rev. Stat. § 7-48-106 Restrictions on powers
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(1) The powers of a corporation shall be subject to the following restrictions: (a) It shall not approve any application for a loan until the applicant shall have shown that the applicant has applied to a financial institution that could lawfully lend the amount of money sought a…
Colo. Rev. Stat. § 7-48-107 Acquisition or disposition of securities and capital stock
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Notwithstanding any other provision of law, any person, corporation, public utility, financial institution, or labor union may acquire, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bonds, notes, debentures, securities, or other evidences of indebted…
Colo. Rev. Stat. § 7-48-108 Membership - loans from members
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(1) Any financial institution is authorized to become a member of a corporation by making application to the board of directors on such form and in such manner as the board of directors may require, and membership shall become effective upon acceptance of the application by said …
Colo. Rev. Stat. § 7-48-109 Capital stock - stockholders and members
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(1) Each share of stock of a corporation shall have a par value of one hundred dollars and shall be issued for cash. No preferred stock shall be issued. At least one hundred thousand dollars shall be paid into the treasury for capital stock before the corporation shall be authori…
Colo. Rev. Stat. § 7-48-110 Directors
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The business and affairs of a corporation shall be conducted by a board of directors. The number of directors shall be a multiple of three. Two-thirds of the directors shall be elected by the members and one-third shall be elected by the stockholders. Any vacancy in the office of…
Colo. Rev. Stat. § 7-48-111 Amendments to articles of incorporation
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No amendment to the articles of incorporation shall be made which increases the obligation of a member to make loans to the corporation or which makes any change in the principal amount, interest rate, maturity date, or security or credit position of any outstanding loan made by …
Colo. Rev. Stat. § 7-48-112 Earned surplus
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Each year the corporation shall set apart as earned surplus not less than ten percent of its net earnings for the preceding fiscal year until such surplus is equal in value to one-half of the amount paid in on the capital stock then outstanding. If the amount of surplus so establ…
Colo. Rev. Stat. § 7-48-113 Members to have rights of stockholders
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The rights given to stockholders under the provisions of sections 7-102-106, 7-103-104, 7-110-203, and 7-114-102 shall apply to members as well as to stockholders of a corporation created under this article. Source: L. 65: p. 452, � 1. C.R.S. 1963: � 31-23-13. L. 93: Entire secti…
Colo. Rev. Stat. § 7-48-114 Deposit of funds
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No corporation formed under the provisions of this article shall at any time be authorized to receive money on deposit. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majorit…
Colo. Rev. Stat. § 7-48-115 Books and records
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A corporation shall keep, in addition to the books and records required by sections 7-116-101 and 7-116-102, a record showing the names and addresses of all members of the corporation and the current status of loans made by each to the corporation. Members shall have the same rig…
Colo. Rev. Stat. § 7-48-116 Credit of state not pledged
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Under no circumstances is the credit of the state pledged in this article. Source: L. 65: p. 452, � 1. C.R.S. 1963: � 31-23-16.