Colorado Statutes
§ 7-47-104 — Disposition of proceeds of sales of lots
The net proceeds arising
from the sale of lots by such corporation and all other income and revenue thereof,
after paying for cemetery ground, shall be exclusively applied, appropriated, and
used in improving, preserving, and embellishing the cemetery and its
appurtenances, and to paying the necessary expenses of the corporation, and shall
not be appropriated for any purpose of profit to the corporation or its members.
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Legislative History
Source: L. 1887: p. 70, � 3. R.S. 08: � 1050. C.L. � 2433. CSA: C. 41, � 230. CRS 53: � 31-26-4. C.R.S. 1963: � 31-22-4.
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