§ 7-117-103 — Saving provisions

Colorado § 7-117-103

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Transition Provisions

Text

(1) Except as provided in subsection (2) of this
section, the repeal of any provision of the Colorado Corporation Code, articles 1 to
10 of this title, does not affect:

(a) The operation of the statute, or any action taken under it, before its
repeal;

(b) Any ratification, right, remedy, privilege, obligation, or liability acquired,
accrued, or incurred under the provision before its repeal;

(c) Any violation of the provision, or any penalty, forfeiture, or punishment
incurred because of the violation, before its repeal; or

(d) Any proceeding, reorganization, or dissolution commenced under the
provision before its repeal, and the proceeding, reorganization, or dissolution may
be completed in accordance with the provision as if it had not been repealed.

(2) If a penalty or punishment imposed for violation of any provision of the
Colorado Corporation Code, articles 1 to 10 of this title, is reduced by articles 101
to 117 of this title, the penalty or punishment, if not already imposed, shall be
imposed in accordance with said articles 101 to 117.

Legislative History

Source: L. 93: Entire article added, p. 853, � 1, effective July 1, 1994.