Colorado § 7-108-106 Staggered terms for directors

Colorado Statutes

§ 7-108-106 — Staggered terms for directors

Colorado § 7-108-106

Title 07Corporations

Art.Directors and Officers

This text of Colorado § 7-108-106 (Staggered terms for directors) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-108-106 (2026).

Text

The articles of incorporation may
provide for staggering the terms of directors by dividing the total number of
directors into two or three groups, with each group containing one-half or one-third
of the total, as near as may be. In that event, the terms of directors in the first group
expire at the first annual shareholders' meeting after their election, the terms of
directors in the second group expire at the second annual shareholders' meeting
after their election, and the terms of directors in the third group, if any, expire at
the third annual shareholders' meeting after their election. Upon the expiration of
the initial staggered terms, directors shall be elected for terms of two years or
three years, as the case may be, to succeed those whose terms expire.

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The articles of incorporation may
provide for staggering the terms of directors by dividing the total number of
directors into two or three groups, with each group containing one-half or one-third
of the total, as near as may be. In that event, the terms of directors in the first group
expire at the first annual shareholders' meeting after their election, the terms of
directors in the second group expire at the second annual shareholders' meeting
after their election, and the terms of directors in the third group, if any, expire at
the third annual shareholders' meeting after their election. Upon the expiration of
the initial staggered terms, directors shall be elected for terms of two years or
three years, as the case may be, to succeed those whose terms expire.