§ 7-56-302 — Member meetings - how called - notice

Colorado § 7-56-302

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Cooperatives

Text

(1) In its bylaws, each
cooperative shall provide for one or more regular member meetings annually. Either
the board or such officers as are designated in the bylaws shall have the right to
call a special meeting of the members at any time, and the president, or other
officer designated in the bylaws, shall call a special meeting to be held within sixty
days upon petition by ten percent of the total number of members stating the
specific business to be brought before the meeting. The board or the person calling
the special meeting shall determine the date, time, and place of the meeting.

(2) Written notice of all member meetings shall be mailed to each member at
that member's last-known address or transmitted to each member in such other
manner as may be provided in the bylaws at least ten days prior to the meeting.
Notice of any special meeting shall include a statement of the purpose for the
meeting. At all regular meetings of members of the cooperative, any and all lawful
business may be brought before the meeting regardless of whether stated in the
notice of the meeting; except that amendments to the articles or the bylaws of the
cooperative or other action required to be stated in the notice of the meeting by this
article shall not be subject to action unless notice thereof is stated in the notice of
the meeting. At all special meetings of the members of the cooperative, business
brought before the meeting shall be limited to the purpose stated in the notice.

(3) Actions taken or agreed to be taken during a member meeting shall not
be invalidated on account of any member's failure to receive notice of a meeting if
reasonable effort has been made to give notice in accordance with this section.

(4) Lawful actions or other membership votes may be taken by the
cooperative in lieu of or without a member meeting if all members entitled to act or
vote with respect to the action agree to that action by unanimous written consent.

Legislative History

Source: L. 96: Entire article R&RE, p. 495, � 1, effective July 1. L. 2003: (2) amended, p. 2225, � 78, effective July 1, 2004.