Colorado Statutes

§ 7-128-104 — Election, appointment, and designation of directors

Colorado·Title 07 Corporations·Art. Directors and Officers
(1)All directors except the initial directors shall be elected, appointed, or designated as provided in the bylaws. If no method of election, appointment, or designation is stated in the bylaws, the directors other than the initial directors shall be elected as follows:
(a)If the nonprofit corporation has voting members, all directors except the initial directors shall be elected by the voting members at each annual meeting of the voting members; and
(b)If the nonprofit corporation does not have voting members, all directors except the initial directors shall be elected by the board of directors.
(2)The bylaws may authorize the election of all or a stated number or portion of directors, except the initial directors, by the members of one or more voting groups of voting memb

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Legislative History

Source: L. 97: Entire article added, p. 688, � 3, effective July 1, 1998. L. 2003: IP(1), (2), and (3) amended, p. 2340, � 300, effective July 1, 2004.

Nearby Sections

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