Colorado § 7-47-104 Disposition of proceeds of sales of lots

Colorado Statutes

§ 7-47-104 — Disposition of proceeds of sales of lots

Colorado § 7-47-104

Title 07Corporations

Art.Cemetery Companies

This text of Colorado § 7-47-104 (Disposition of proceeds of sales of lots) 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. § 7-47-104 (2026).

Text

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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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.