Colorado § 7-51-106 Shares of stock

Colorado Statutes

§ 7-51-106 — Shares of stock

Colorado § 7-51-106

Title 07Corporations

Art.Joint Stock Religious or Benevolent Associations

This text of Colorado § 7-51-106 (Shares of stock) 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. § 7-51-106 (2026).

Text

The shares of stock shall not be less than ten
dollars nor more than one hundred dollars each and shall be deemed personal
property and transferable as such in the manner provided by the bylaws.
Subscriptions therefor shall be made payable in such installments and at such time
as shall be determined by the directors, trustees, or other similar officers. The
bylaws may provide for a forfeiture or sale of stock on failure to pay the
installments or assessments that may from time to time become due; but no
forfeiture of stock or of the amounts paid thereon shall be declared against any
estate or stockholder before demand has been made for the amount due.

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The shares of stock shall not be less than ten
dollars nor more than one hundred dollars each and shall be deemed personal
property and transferable as such in the manner provided by the bylaws.
Subscriptions therefor shall be made payable in such installments and at such time
as shall be determined by the directors, trustees, or other similar officers. The
bylaws may provide for a forfeiture or sale of stock on failure to pay the
installments or assessments that may from time to time become due; but no
forfeiture of stock or of the amounts paid thereon shall be declared against any
estate or stockholder before demand has been made for the amount due.