Colorado § 7-112-101 Sale or mortgage of property without shareholder approval

Colorado Statutes

§ 7-112-101 — Sale or mortgage of property without shareholder approval

Colorado·Title 07 Corporations·Art. Sale of Property

(1)A corporation may, as authorized by its bylaws or by the board of directors:

(a)Sell, lease, exchange, or otherwise dispose of any or all of its property in the usual and regular course of business;

(b)Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of business; or

(c)Transfer any or all of its property to a domestic corporation all the shares of which are owned, directly or indirectly, by the corporation.

(2)Unless otherwise provided in the articles of incorporation, approval by the shareholders of a transaction described in subsection (1) of this section is not required.

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(1) A
corporation may, as authorized by its bylaws or by the board of directors:

(a) Sell, lease, exchange, or otherwise dispose of any or all of its property in
the usual and regular course of business;

(b) Mortgage, pledge, dedicate to the repayment of indebtedness, whether
with or without recourse, or otherwise encumber any or all of its property whether
or not in the usual and regular course of business; or

(c) Transfer any or all of its property to a domestic corporation all the shares
of which are owned, directly or indirectly, by the corporation.

(2) Unless otherwise provided in the articles of incorporation, approval by the
shareholders of a transaction described in subsection (1) of this section is not
required.

Colorado § 7-112-101 (Sale or mortgage of property without shareholder approval) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.