(1) A nonprofit corporation may: (a) Make distributions of its income or assets to its members that are domestic or foreign nonprofit corporations; (b) Pay compensation in a reasonable amount to its members, directors, or officers for services rendered; and (c) Confer benefits upon its members in conformity with its purposes. (2) Nonprofit corporations may make distributions upon dissolution in conformity with article 134 of this title.
C.R.S. § 7-133-102
Authorized distributions
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.