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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 §§ 7-58-1001 to 7-58-901 (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.