Colorado Cooperative Act

Colorado · Corporations and Associations · §§ 7-56-101 to 7-56-901 · 65 sections

Overview

The act provides the general legal framework for forming and operating cooperative associations — member-owned enterprises in which people join together to market, purchase, or supply goods and services, including agricultural marketing and renewable energy cooperatives. It governs the mechanics of corporate existence, covering articles of incorporation and amendments, bylaws, required filings and reports, registered agents, and the powers a cooperative may exercise, alongside detailed rules for members, directors, and officers: meetings and quorum, voting, removal of directors, indemnification, bonding, and members' rights to inspect cooperative records, enforceable in court. It also authorizes the distribution of earnings through reserves and patronage refunds, makes marketing and purchasing contracts between a cooperative and its members enforceable with specific remedies against both a breaching member and anyone who induces the breach, and exempts cooperatives from restraint-of-trade and securities regulation.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

C.R.S. § 7-56-101Short title
C.R.S. § 7-56-102Legislative declaration
C.R.S. § 7-56-103Definitions
C.R.S. § 7-56-104Filings by the secretary of state
C.R.S. § 7-56-106Periodic and other reports
C.R.S. § 7-56-107Cooperative records
C.R.S. § 7-56-201Articles of incorporation
C.R.S. § 7-56-202Amendment of articles
C.R.S. § 7-56-203Restated articles
C.R.S. § 7-56-204Cooperatives desiring to relinquish provisions of this article
C.R.S. § 7-56-205Entities formed under other law but subject to this article
C.R.S. § 7-56-208Bylaws
C.R.S. § 7-56-209Agricultural marketing cooperatives
C.R.S. § 7-56-210Renewable energy cooperatives
C.R.S. § 7-56-301Members
C.R.S. § 7-56-302Member meetings
C.R.S. § 7-56-303Members’ list for meeting
C.R.S. § 7-56-304Quorum
C.R.S. § 7-56-305Member voting
C.R.S. § 7-56-306Reserves, distributions, and patronage refunds
C.R.S. § 7-56-307Inspection of cooperative records by member
C.R.S. § 7-56-308Scope of member’s inspection right
C.R.S. § 7-56-309Court-ordered inspection
C.R.S. § 7-56-401Directors
C.R.S. § 7-56-402Officers
C.R.S. § 7-56-403Procedures for meetings of the board of directors
C.R.S. § 7-56-404Removal of director by the membership or the board
C.R.S. § 7-56-405Removal of director by judicial proceeding
C.R.S. § 7-56-406Indemnification and personal liability of directors, officers, employees, and agents
C.R.S. § 7-56-407Persons to be bonded
C.R.S. § 7-56-409Registered agent
C.R.S. § 7-56-501Powers
C.R.S. § 7-56-502Marketing or purchasing contracts
C.R.S. § 7-56-503Remedies for breach of marketing or purchasing contract
C.R.S. § 7-56-504Inducing breach of marketing or purchasing contract
C.R.S. § 7-56-505Purchases of property or other interests
C.R.S. § 7-56-506Warehouse receipts
C.R.S. § 7-56-507Application of other laws
C.R.S. § 7-56-508Cooperatives not in restraint of trade
C.R.S. § 7-56-509Exemption from securities laws
C.R.S. § 7-56-510Renewable energy cooperatives
C.R.S. § 7-56-601Encumbering property
C.R.S. § 7-56-602Merger, conversion, or consolidation or share or equity capital exchange
C.R.S. § 7-56-603Procedure for consolidation, share or equity capital exchange, conversion, and merger
C.R.S. § 7-56-604Merger of parent and subsidiary
C.R.S. § 7-56-604.5Statement of merger or conversion
C.R.S. § 7-56-605Statement of consolidation or share or equity capital exchange
C.R.S. § 7-56-606Effect of merger, conversion, consolidation, or share or equity capital exchange
C.R.S. § 7-56-606.5Merger with foreign entity
C.R.S. § 7-56-607Consolidation or share or equity capital exchange with foreign business
C.R.S. § 7-56-608Dissenters’ rights
C.R.S. § 7-56-609Sale or other disposition of property without member approval
C.R.S. § 7-56-610Sale or other disposition of property requiring member approval
C.R.S. § 7-56-701Authorization of dissolution before issuance of memberships
C.R.S. § 7-56-702Authorization of dissolution after issuance of memberships
C.R.S. § 7-56-703Articles of dissolution
C.R.S. § 7-56-705Effect of dissolution
C.R.S. § 7-56-714Grounds for judicial dissolution
C.R.S. § 7-56-715Procedure for judicial dissolution
C.R.S. § 7-56-716Receivership or custodianship
C.R.S. § 7-56-717Decree of dissolution
C.R.S. § 7-56-718Certain assignments of assets in dissolution
C.R.S. § 7-56-801Authority to transact business or conduct activities required
C.R.S. § 7-56-802Registered agent
C.R.S. § 7-56-901Application to existing cooperatives

Enacted in other states

Florida

All Colorado named statutes →

Download

Copy

Embed on your site

Hover to preview · click to copy the code

Search Wikipedia →