by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Quorum and voting requirements for voting groups 7-127-205. Quorum and voting requirements for voting groups(1) Members entitled to vote as a separate voting group may take...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Creditor’s action against member No proceeding may be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless final judgment has...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Transfers 7-126-202. Transfers(1) Unless otherwise provided by the bylaws, no member of a nonprofit corporation may transfer a membership or any right arising therefrom.(2) Where...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 128 – Directors and Officers Vacancy on board 7-128-110. Vacancy on board(1) Unless otherwise provided in the bylaws, if a vacancy occurs on a board of directors, including a vacancy resulting from an...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Action by written ballot 7-127-109. Action by written ballot(1) Unless otherwise provided by the bylaws, any action that may be taken at any annual, regular, or special...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 122 – Incorporation Emergency bylaws 7-122-107. Emergency bylaws(1) Unless otherwise provided in the articles of incorporation, the board of directors may adopt bylaws to be effective only in an emergency as...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 122 – Incorporation Bylaws 7-122-106. Bylaws(1) The board of directors or, if no directors have been named or elected, the incorporators may adopt initial bylaws. If neither the incorporators nor the board of...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 122 – Incorporation Organization of nonprofit corporation 7-122-105. Organization of nonprofit corporation(1) After incorporation:(a) If initial directors are not named in the articles of incorporation, the...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 122 – Incorporation Unauthorized assumption of corporate powers All persons purporting to act as or on behalf of a nonprofit corporation without authority to do so and without good-faith belief that they have...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 121 – General Provisions Reservation of power to amend or repeal The general assembly has the power to amend or repeal all or part of articles 121 to 137 of this title at any time and all domestic and foreign...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 121 – General Provisions Short title Articles 121 to 137 of this title shall be known and may be cited as the “Colorado Revised Nonprofit Corporation Act”.
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Nonprofit corporation’s acceptance of votes 7-127-204. Nonprofit corporation’s acceptance of votes(1) If the name signed on a vote, consent, written ballot, waiver, proxy...