Colorado § 7-55-113 Adoption of provisions of this article

Colorado Statutes

§ 7-55-113 — Adoption of provisions of this article

Colorado·Title 07 Corporations·Art. Cooperatives - General

Every cooperative
association, as defined in section 7-55-101 or formed or incorporated under any
repealed Colorado statute pertaining to cooperative associations, except
corporations or associations formed or incorporated under or subject to article 56
of this title, shall be conclusively presumed to have accepted and adopted the
provisions of this article and shall be governed by the provisions of this article,
unless such corporation or association or agricultural or livestock association has
delivered to the secretary of state, for filing pursuant to part 3 of article 90 of this
title, a copy of a resolution adopted by its board of directors, its members, or its
stockholders stating that it has elected not to become subject to the provisions of
this article. This section shal

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Every cooperative
association, as defined in section 7-55-101 or formed or incorporated under any
repealed Colorado statute pertaining to cooperative associations, except
corporations or associations formed or incorporated under or subject to article 56
of this title, shall be conclusively presumed to have accepted and adopted the
provisions of this article and shall be governed by the provisions of this article,
unless such corporation or association or agricultural or livestock association has
delivered to the secretary of state, for filing pursuant to part 3 of article 90 of this
title, a copy of a resolution adopted by its board of directors, its members, or its
stockholders stating that it has elected not to become subject to the provisions of
this article. This section shall not apply to cooperative associations formed and
incorporated under or subject to article 56 of this title.

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Legislative History

Source: L. 73: R&RE, p. 432, � 1. C.R.S. 1963: � 30-1-13. L. 75: Entire section R&RE, p. 272, � 1, effective June 29. L. 83: Entire section amended, p. 872, � 27, effective July 1. L. 96: Entire section amended, p. 545, � 10, effective July 1. L. 2002: Entire section amended, p. 1814, � 15, effective July 1; entire section amended, p. 1678, � 13, effective October 1. L. 2003: Entire section amended, p. 2217, � 59, effective July 1, 2004.