Colorado § 7-128-105 Terms of directors generally

Colorado Statutes

§ 7-128-105 — Terms of directors generally

Colorado·Title 07 Corporations·Art. Directors and Officers

(1)The bylaws may state the terms of directors. In the absence of any term stated in the bylaws, the term of each director shall be one year. Unless otherwise provided in the bylaws, directors may be elected for successive terms.

(2)Unless otherwise provided in the bylaws, the terms of the initial directors of a nonprofit corporation expire at the first meeting at which directors are elected or appointed.

(3)A decrease in the number of directors or in the term of office does not shorten an incumbent director's term.

(4)Unless otherwise provided in the bylaws, the term of a director filling a vacancy expires at the end of the unexpired term that such director is filling.

(5)Despite the expiration of a director's term, a director continues to serve until the director's succe

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(1) The bylaws may state the
terms of directors. In the absence of any term stated in the bylaws, the term of each
director shall be one year. Unless otherwise provided in the bylaws, directors may
be elected for successive terms.

(2) Unless otherwise provided in the bylaws, the terms of the initial directors
of a nonprofit corporation expire at the first meeting at which directors are elected
or appointed.

(3) A decrease in the number of directors or in the term of office does not
shorten an incumbent director's term.

(4) Unless otherwise provided in the bylaws, the term of a director filling a
vacancy expires at the end of the unexpired term that such director is filling.

(5) Despite the expiration of a director's term, a director continues to serve
until the director's successor is elected, appointed, or designated and qualifies, or
until there is a decrease in the number of directors.

(6) Repealed.

Colorado § 7-128-105 (Terms of directors generally) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 97: Entire article added, p. 689, � 3, effective July 1, 1998. L. 98: (6) added, p. 623, � 28, effective July 1. L. 2000: (6) amended, p. 983, � 81, effective July 1. L. 2002: (6) amended, p. 1855, � 136, effective July 1; (6) amended, p. 1720, � 138, effective October 1. L. 2003: (1) amended, p. 2340, � 302, effective July 1, 2004. L. 2004: (6) repealed, p. 1511, � 296, effective July 1.