Colorado § 7-108-303 Resignation and removal of officers

Colorado Statutes

§ 7-108-303 — Resignation and removal of officers

Colorado § 7-108-303

Title 07Corporations

Art.Directors and Officers

This text of Colorado § 7-108-303 (Resignation and removal of officers) 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. § 7-108-303 (2026).

Text

(1)An officer may resign at any time by giving notice of resignation to the corporation.

(2)A resignation of an officer is effective when the notice is received by the corporation unless the notice states a later effective date.

(3)If a resignation is made effective at a later date, the board of directors may permit the officer to remain in office until the effective date and may fill the pending vacancy before the effective date if the board of directors provides that the successor does not take office until the effective date, or the board of directors may remove the officer at any time before the effective date and may fill the resulting vacancy.

(4)Unless otherwise provided in the bylaws, the board of directors may remove any officer at any time with or without cause. Th

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(1) An officer may resign at
any time by giving notice of resignation to the corporation.

(2) A resignation of an officer is effective when the notice is received by the
corporation unless the notice states a later effective date.

(3) If a resignation is made effective at a later date, the board of directors
may permit the officer to remain in office until the effective date and may fill the
pending vacancy before the effective date if the board of directors provides that
the successor does not take office until the effective date, or the board of directors
may remove the officer at any time before the effective date and may fill the
resulting vacancy.

(4) Unless otherwise provided in the bylaws, the board of directors may
remove any officer at any time with or without cause. The bylaws or the board of
directors may make provision for the removal of officers by other officers or by the
shareholders.

(5) Repealed.

Legislative History

Source: L. 93: Entire article added, p. 785, � 1, effective July 1, 1994. L. 2000: (5) amended, p. 978, � 59, effective July 1. L. 2002: (5) amended, p. 1848, � 114, effective July 1; (5) amended, p. 1713, � 114, effective October 1. L. 2003: (2) amended, p. 2320, � 245, effective July 1, 2004. L. 2004: (5) repealed, p. 1499, � 261, effective July 1. L. 2021: (1) amended, (HB 21-1124), ch. 41, p. 170, � 21, effective April 19.