Colorado § 7-55-106 Power of directors

Colorado Statutes

§ 7-55-106 — Power of directors

Colorado § 7-55-106

Title 07Corporations

Art.Cooperatives - General

This text of Colorado § 7-55-106 (Power of directors) 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. § 7-55-106 (2026).

Text

A majority of the board of directors of a
cooperative association has full power or authority to authorize the execution and
delivery of mortgages or deeds of trust upon, or the pledging of or encumbering of
any or all of the property, assets, licenses, franchises, and permits or other things of
value of, such association or corporation, whether acquired or to be acquired and
wherever situated, as well as any revenues and incomes therefrom, all upon such
terms and conditions as such board of directors determines, to secure any
indebtedness of such corporation.

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A majority of the board of directors of a
cooperative association has full power or authority to authorize the execution and
delivery of mortgages or deeds of trust upon, or the pledging of or encumbering of
any or all of the property, assets, licenses, franchises, and permits or other things of
value of, such association or corporation, whether acquired or to be acquired and
wherever situated, as well as any revenues and incomes therefrom, all upon such
terms and conditions as such board of directors determines, to secure any
indebtedness of such corporation.