§ 7-56-402 — Officers - titles - election - duties and authority - removal

Colorado § 7-56-402

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

Text

(1) (a)
The bylaws shall provide for one or more officers and the titles of those officers.
The offices may include a board chair, one or more vice-chairs, a president, one or
more vice-presidents, a secretary, a treasurer, and assistant officers or other
officers. The officers shall be elected by the board or in any other manner
prescribed in the bylaws. At least one officer shall be an individual at least eighteen
years of age. At least one officer shall be a member of the board. One individual
may simultaneously hold more than one office, but may not concurrently hold the
offices of president and secretary.

(b) The bylaws or board of each cooperative shall designate one or more
officers responsible for preparing and maintaining the minutes of board and
membership meetings and all records required to be kept by section 7-56-107 and
for authenticating records.

(2) All officers and agents of the cooperative, as between themselves and
the cooperative, shall have such authority and perform such duties in the
management of the cooperative as may be provided in the bylaws, or as may be
determined by resolution of the board of directors not inconsistent with federal,
state, and local law, the articles, and the bylaws.

(3) Unless otherwise provided in the articles or bylaws, the board may
remove any officer at any time with or without cause.

Legislative History

Source: L. 96: Entire article R&RE, p. 502, � 1, effective July 1. L. 2004: (1)(a) amended, p. 1413, � 47, effective July 1.