Colorado § 7-126-303 Purchase of memberships

Colorado Statutes

§ 7-126-303 — Purchase of memberships

Colorado § 7-126-303

Title 07Corporations

Art.Members and Memberships

This text of Colorado § 7-126-303 (Purchase of memberships) 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. § 7-126-303 (2026).

Text

Unless otherwise provided by the
bylaws, a nonprofit corporation shall not purchase the membership of a member
who resigns or whose membership is terminated. If so authorized, a nonprofit
corporation may purchase the membership of a member who resigns or whose
membership is terminated for the amount and pursuant to the conditions stated in
or authorized by its bylaws. No payment shall be made in violation of article 133 of
this title.

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Unless otherwise provided by the
bylaws, a nonprofit corporation shall not purchase the membership of a member
who resigns or whose membership is terminated. If so authorized, a nonprofit
corporation may purchase the membership of a member who resigns or whose
membership is terminated for the amount and pursuant to the conditions stated in
or authorized by its bylaws. No payment shall be made in violation of article 133 of
this title.