§ 7-137-202 — Statement of election to accept articles 121 to 137 of this title

Colorado § 7-137-202

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Transition Provisions

Text

(1) A statement of election to accept articles 121 to 137 of this title shall state:

(a) The domestic entity name of the corporate entity;

(b) A statement by the corporate entity that it has elected to accept said
articles and that all required reports have been or will be filed and all fees, taxes,
and penalties due to the state of Colorado accruing under any law to which the
corporate entity heretofore has been subject have been paid;

(c) If there are members or stockholders entitled to vote thereon, a
statement stating the date of the meeting of such members or stockholders at
which the election to accept articles 121 to 137 of this title was made, that a quorum
was present at the meeting, and that such acceptance was authorized by at least
two-thirds of the votes that members or stockholders present at such meeting in
person or by proxy were entitled to cast;

(d) If there are no members or stockholders entitled to vote thereon, a
statement of such fact, the date of the meeting of the board of directors at which
election to accept said articles was made, that a quorum was present at the
meeting, and that such acceptance was authorized by a majority vote of the
directors in office;

(e) A statement that the corporate entity followed the requirements of the
law under which it was formed, its articles of incorporation, and its bylaws so far as
applicable in effecting such acceptance;

(f) and (g) Repealed.

(h) A statement that any attached copy of the articles of incorporation,
affidavit, or other basic corporate charter of the corporate entity is true and correct;

(i) If the corporate entity has issued shares of stock, a statement of such fact
including the number of shares heretofore authorized, the number issued and
outstanding, and a statement that all issued and outstanding shares of stock have
been delivered to the corporate entity to be canceled upon the acceptance of
articles 121 to 137 of this title by the corporate entity becoming effective and that
from and after the effective date of said acceptance the authority of the corporate
entity to issue shares of stock is terminated; except that this shall not apply to
corporate entities formed for the acquisition and distribution of water to their
stockholders.

Legislative History

Source: L. 97: Entire article added, p. 753, � 3, effective July 1, 1998. L. 2003: IP(1), (1)(a), (1)(c), (1)(e), (1)(f), and (1)(i) amended, p. 2354, � 341, effective July 1, 2004. L. 2004: (1)(f) and (1)(g) repealed, p. 1516, � 315, effective July 1.