Colorado § 7-42-111 Extension of term

Colorado Statutes

§ 7-42-111 — Extension of term

Colorado·Title 07 Corporations·Art. Ditch and Reservoir Companies

When the term of years for which any
corporation has been incorporated as a ditch company for the purpose of carrying
water for irrigation purposes or as a reservoir company for the storage of water for
irrigation purposes has expired or is about to expire by lawful limitation, and such
corporation has not been administered upon as an expired corporation or gone into
liquidation and settlement and division of its affairs, it may have its term of
incorporation extended and continued the same as if originally incorporated, as
provided in section 7-42-112.

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When the term of years for which any
corporation has been incorporated as a ditch company for the purpose of carrying
water for irrigation purposes or as a reservoir company for the storage of water for
irrigation purposes has expired or is about to expire by lawful limitation, and such
corporation has not been administered upon as an expired corporation or gone into
liquidation and settlement and division of its affairs, it may have its term of
incorporation extended and continued the same as if originally incorporated, as
provided in section 7-42-112.

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