Colorado § 7-56-107 Cooperative records

Colorado Statutes

§ 7-56-107 — Cooperative records

Colorado·Title 07 Corporations·Art. Cooperatives

(1)A cooperative shall keep as permanent records minutes of all meetings of its members and of the board, a record of all actions taken by the members or the board without a meeting by a written unanimous consent in lieu of a meeting, and a record of all waivers of notices of meetings of the members and of the board.

(2)A cooperative shall maintain appropriate accounting records.

(3)A cooperative shall maintain its records in written form or in another form capable of conversion into written form within a reasonable time.

(4)A cooperative shall keep a copy of each of the following records at its principal office:

(a)Its articles of incorporation or other governing instrument;

(b)Its bylaws or other similar instrument;

(c)A record of the names and addresses of its members

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(1) A cooperative shall keep as permanent
records minutes of all meetings of its members and of the board, a record of all
actions taken by the members or the board without a meeting by a written
unanimous consent in lieu of a meeting, and a record of all waivers of notices of
meetings of the members and of the board.

(2) A cooperative shall maintain appropriate accounting records.

(3) A cooperative shall maintain its records in written form or in another form
capable of conversion into written form within a reasonable time.

(4) A cooperative shall keep a copy of each of the following records at its
principal office:

(a) Its articles of incorporation or other governing instrument;

(b) Its bylaws or other similar instrument;

(c) A record of the names and addresses of its members, in a form that
permits preparation of a list of members that is alphabetical and that shows each
member's address and the investment qualifying a member to vote held by each
member;

(d) The minutes of members' meetings, and records of all actions taken by
members without a meeting by unanimous written consent in lieu of a meeting, for
the past three years;

(e) All written communications within the past three years to members as a
group or to any class of members as a group;

(f) A list of the names and business addresses of its current board of
directors and officers;

(g) A copy of its most recent periodic report delivered to the secretary of
state pursuant to part 5 of article 90 of this title; and

(h) All financial statements prepared for periods ending during the last fiscal
year.

(5) Except as otherwise limited by this article, the board of directors of a
cooperative shall have discretion to determine what records are appropriate for the
purposes of the cooperative, the length of time records are to be retained, and
policies relating to the confidentiality, disclosure, inspection and copying of the
records of the cooperative.

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Legislative History

Source: L. 96: Entire article R&RE, p. 483, � 1, effective July 1. L. 2000: (4)(g) amended, p. 950, � 6, effective July 1. L. 2003: (4)(g) amended, p. 2220, � 70, effective July 1, 2004. L. 2010: (4)(g) amended, (HB 10-1403), ch. 404, p. 1994, � 4, effective August 11.