Colorado § 7-132-101 Sale of property

Colorado Statutes

§ 7-132-101 — Sale of property

Colorado § 7-132-101

Title 07Corporations

Art.Sale of Property

This text of Colorado § 7-132-101 (Sale of property) 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. § 7-132-101 (2026).

Text

(1)Unless the bylaws otherwise provide, a nonprofit corporation may, as authorized by the board of directors:

(a)Sell, lease, exchange, or otherwise dispose of all or substantially all of its property in the usual and regular course of business;

(b)Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber all or substantially all of its property whether or not in the usual and regular course of business.

(2)Unless otherwise provided in the bylaws, approval by the members of a transaction described in this section is not required.

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(1) Unless the bylaws otherwise provide, a
nonprofit corporation may, as authorized by the board of directors:

(a) Sell, lease, exchange, or otherwise dispose of all or substantially all of its
property in the usual and regular course of business;

(b) Mortgage, pledge, dedicate to the repayment of indebtedness, whether
with or without recourse, or otherwise encumber all or substantially all of its
property whether or not in the usual and regular course of business.

(2) Unless otherwise provided in the bylaws, approval by the members of a
transaction described in this section is not required.