Colorado § 7-56-601 Encumbering property

Colorado Statutes

§ 7-56-601 — Encumbering property

Colorado § 7-56-601

Title 07Corporations

Art.Cooperatives

This text of Colorado § 7-56-601 (Encumbering property) 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. § 7-56-601 (2026).

Text

The board of a cooperative has full power
and authority, without approval of its members, to mortgage, pledge, encumber,
dedicate to the repayment of indebtedness, whether with or without recourse, or
otherwise encumber any or all of the cooperative's property, whether or not in the
usual and regular course of business, and to execute and deliver mortgages, deeds
of trust, security agreements, or other instruments for such purposes.

Free access — add to your briefcase to read the full text and ask questions with AI

The board of a cooperative has full power
and authority, without approval of its members, to mortgage, pledge, encumber,
dedicate to the repayment of indebtedness, whether with or without recourse, or
otherwise encumber any or all of the cooperative's property, whether or not in the
usual and regular course of business, and to execute and deliver mortgages, deeds
of trust, security agreements, or other instruments for such purposes.