Colorado Statutes
§ 7-42-106 — Assessments to pay purchase price
When any such stock has
been purchased or contract entered into for the purchase of the same, the
corporation shall have the power to use its funds and to levy and collect
assessments on the remaining outstanding capital stock in the manner provided by
law for the payment of any other indebtedness, for the purpose of paying the
purchase price of the stock so purchased.
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Legislative History
Source: L. 21: p. 212, � 2. C.L. � 2358. CSA: C. 41, � 146. CRS 53: � 31-14-6. C.R.S. 1963: � 31-14-6.
Nearby Sections
15
§ 7-101-101
Short title§ 7-101-102
Reservation of power to amend or repeal§ 7-101-201
Filing requirements§ 7-101-401
General definitions§ 7-101-501
Short title§ 7-101-504
Nonprofit corporations§ 7-101-506
Duties of directors§ 7-101-507
Benefit report - definition§ 7-101-509
No effect on other corporations§ 7-102-101
Incorporators§ 7-102-102
Articles of incorporation§ 7-102-103
Incorporation