Colorado § 7-134-101 Dissolution by incorporators or directors if no members

Colorado Statutes

§ 7-134-101 — Dissolution by incorporators or directors if no members

Colorado § 7-134-101

Title 07Corporations

Art.Dissolution

This text of Colorado § 7-134-101 (Dissolution by incorporators or directors if no members) 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. § 7-134-101 (2026).

Text

(1)If a nonprofit corporation has no members, a majority of its directors or, if there are no directors, a majority of its incorporators may authorize the dissolution of the nonprofit corporation.

(2)The incorporators or directors in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the nonprofit corporation will be distributed after all creditors have been paid.

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(1) If a
nonprofit corporation has no members, a majority of its directors or, if there are no
directors, a majority of its incorporators may authorize the dissolution of the
nonprofit corporation.

(2) The incorporators or directors in approving dissolution shall adopt a plan
of dissolution indicating to whom the assets owned or held by the nonprofit
corporation will be distributed after all creditors have been paid.