As used in articles 121 to 137 of this title 7,
unless the context otherwise requires:
(1) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1, 2004.)
(2) Articles of incorporation includes amended articles of incorporation,
restated articles of incorporation, and other instruments, however designated, on
file in the records of the secretary of state that have the effect of amending or
supplementing in some respect the original or amended articles of incorporation,
and shall also include:
(a) For a corporation created by special act of the general assembly or
pursuant to general law, which corporation has elected to accept the provisions of
articles 121 to 137 of this title, the special charter and any amendments thereto
made by special act of the general assembly or pursuant to general law prior to the
corporation's election to accept the provisions of said articles;
(b) For a corporation formed or incorporated under article 40, 50, or 51 of
this title, which corporation has elected to accept the provisions of articles 121 to
137 of this title, the certificate of incorporation or affidavit and any amendments
thereto made prior to the corporation's election to accept the provisions of said
articles.
(3) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1, 2004.)
(4) Board of directors means the body authorized to manage the affairs of
the domestic or foreign nonprofit corporation; except that no person or group of
persons are the board of directors because of powers delegated to that person or
group of persons pursuant to section 7-128-101 (2).
(5) Bylaws means the code or codes of rules, other than the articles of
incorporation, adopted pursuant to articles 121 to 137 of this title for the regulation
or management of the affairs of the domestic or foreign nonprofit corporation
irrespective of the name or names by which such rules are designated, and includes
amended bylaws and restated bylaws.
(6) Cash and money are used interchangeably in articles 121 to 137 of this
title. Each of these terms includes:
(a) Legal tender;
(b) Negotiable instruments readily convertible into legal tender; and
(c) Other cash equivalents readily convertible into legal tender.
(7) Class refers to a group of memberships that have the same rights with
respect to voting, dissolution, redemption, and transfer. For the purpose of this
section, rights shall be considered the same if they are determined by a formula
applied uniformly to a group of memberships.
(8) (Deleted by amendment, L. 2000, p. 982, � 76, effective July 1, 2000.)
(9) Corporation or domestic corporation means a corporation for profit,
which is not a foreign corporation, incorporated under or subject to the provisions of
articles 101 to 117 of this title.
(10) Delegate means any person elected or appointed to vote in a
representative assembly for the election of a director or directors or on other
matters.
(11) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1, 2004.)
(12) Director means a member of the board of directors.
(13) Distribution means the payment of a dividend or any part of the income
or profit of a corporation to its members, directors, or officers.
(14) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1, 2004.)
(15) Effective date of notice has the meaning set forth in section 7-121-402.
(16) Employee includes an officer but not a director; except that a director
may accept duties that make said director also an employee.
(16.5) Entrance fee means any fee or charge, including a damage deposit,
paid by a person to a residential nonprofit corporation in order to become a resident
member. Entrance fee does not include regular periodic payments for the
purchase or lease of residential real estate or for the day-to-day use of facilities or
services.
(17) to (20) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1,
2004.)
(21) Internal revenue code means the federal Internal Revenue Code of
1986, as amended from time to time, or to corresponding provisions of subsequent
internal revenue laws of the United States of America.
(22) and (23) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July
1, 2004.)
(24) Member means any person or persons identified as such in the articles
of incorporation or bylaws pursuant to a procedure stated in the articles of
incorporation or bylaws or by a resolution of the board of directors. The term
member includes voting member and a stockholder in a cooperative housing
corporation formed pursuant to section 38-33.5-101, C.R.S.
(25) Membership refers to the rights and obligations of a member or
members.
(25.5) Mutual ditch company means a nonprofit corporation that complies
with article 42 of this title.
(26) Nonprofit corporation or domestic nonprofit corporation means an
entity, which is not a foreign nonprofit corporation, incorporated under or subject to
the provisions of articles 121 to 137 of this title.
(27) to (29) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1,
2004.)
(30) Receive, when used in reference to receipt of a writing or other
document by a domestic or foreign nonprofit corporation, means that the writing or
other document is actually received:
(a) By the domestic or foreign nonprofit corporation at its registered office or
at its principal office;
(b) By the secretary of the domestic or foreign nonprofit corporation,
wherever the secretary is found; or
(c) By any other person authorized by the bylaws or the board of directors to
receive such writings, wherever such person is found.
(31) Record date means the date, established under article 127 of this title,
on which a nonprofit corporation determines the identity of its members. The
determination shall be made as of the close of business on the record date unless
another time for doing so is stated when the record date is fixed.
(32) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1, 2004.)
(32.5) Residential member means a member of a residential nonprofit
corporation whose status as a member is dependent upon, or whose membership is
accorded voting rights as a result of, owning or leasing specified residential real
estate.
(33) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1, 2004.)
(33.5) (a) Except as otherwise provided in paragraph (b) of this subsection
(33.5), residential nonprofit corporation means a nonprofit corporation that has
residential members.
(b) Notwithstanding subsection (33.5)(a) of this section, residential
nonprofit corporation does not include:
(I) A unit owners' association or any other entity subject to the Colorado
Common Interest Ownership Act, article 33.3 of title 38, C.R.S., regardless of
whether it was formed before, on, or after July 1, 1992;
(II) A nursing care facility licensed by the department of public health and
environment under section 25-3-101, C.R.S.;
(III) An assisted living residence licensed under section 25-3-101, C.R.S.;
(IV) A life care institution regulated under article 49 of title 11; or
(V) A continuing care retirement community, as described in section 25.5-4-402.4 (4.5)(d)(II)(A), operated by an entity that is licensed or otherwise subject to
state regulation.
(34) Secretary means the corporate officer to whom the bylaws or the
board of directors has delegated responsibility under section 7-128-301 (3) for the
preparation and maintenance of minutes of the meetings of the board of directors
and of the members and of the other records and information required to be kept by
the nonprofit corporation under section 7-136-101 and for authenticating records of
the nonprofit corporation.
(35) to (37) (Deleted by amendment, L. 2003, p. 2332, � 280, effective July 1,
2004.)
(38) Vote includes authorization by written ballot and written consent.
(39) Voting group means all the members of one or more classes of
members or directors that, under articles 121 to 137 of this title or the articles of
incorporation or bylaws, are entitled to vote and be counted together collectively
on a matter. All members or directors entitled by articles 121 to 137 of this title or
the articles of incorporation or bylaws to vote generally on the matter are for that
purpose a single voting group.
(40) Voting member means any person or persons who on more than one
occasion, pursuant to a provision of a nonprofit corporation's articles of
incorporation or bylaws, have the right to vote for the election of a director or
directors. A person is not a voting member solely by virtue of any of the following:
(a) Any rights such person has as a delegate;
(b) Any rights such person has to designate a director or directors; or
(c) Any rights such person has as a director.