Colorado § 7-107-202 Voting entitlement of shares

Colorado Statutes

§ 7-107-202 — Voting entitlement of shares

Colorado·Title 07 Corporations·Art. Shareholders

(1)Except as otherwise provided in subsections (2) and (4) of this section or in the articles of incorporation, each outstanding share, regardless of class, is entitled to one vote, and each fractional share is entitled to a corresponding fractional vote, on each matter voted on at a shareholders' meeting. Only shares are entitled to vote.

(2)Except as otherwise ordered by a court of competent jurisdiction upon a finding that the purpose of this subsection (2) would not be violated in the circumstances presented to the court, the shares of a corporation are not entitled to be voted if they are owned, directly or indirectly, by a second corporation, domestic or foreign, and the first corporation owns, directly or indirectly, a majority of the shares entitled to vote for director

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(1) Except as otherwise provided
in subsections (2) and (4) of this section or in the articles of incorporation, each
outstanding share, regardless of class, is entitled to one vote, and each fractional
share is entitled to a corresponding fractional vote, on each matter voted on at a
shareholders' meeting. Only shares are entitled to vote.

(2) Except as otherwise ordered by a court of competent jurisdiction upon a
finding that the purpose of this subsection (2) would not be violated in the
circumstances presented to the court, the shares of a corporation are not entitled
to be voted if they are owned, directly or indirectly, by a second corporation,
domestic or foreign, and the first corporation owns, directly or indirectly, a majority
of the shares entitled to vote for directors of the second corporation.

(3) Subsection (2) of this section does not limit the power of a corporation to
vote any shares, including its own shares, held by it in a fiduciary capacity.

(4) Redeemable shares are not entitled to be voted after notice of
redemption is delivered to the holders and a sum sufficient to redeem the shares
has been deposited with a bank, trust company, or other financial institution under
an irrevocable obligation to pay the holders the redemption price on surrender of
the shares.

Colorado § 7-107-202 (Voting entitlement of shares) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 93: Entire article added, p. 770, � 1, effective July 1, 1994. L. 2021: (4) amended, (HB 21-1124), ch. 41, p. 168, � 15, effective April 19.