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C.R.S. § 7-58-820

Other considerations of directors

Known as the Colorado Uniform Limited Cooperative Association Act

The act spans §§ 7–7 (129 sections).

(1) Unless the articles otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long- and short-term interest of the association and its members, may consider: (a) The interest of employees, customers, and suppliers of the association; (b) The interest of the community in which the association operates; and (c) Other cooperative principles and values that may be applied in the context of the decision.

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.