Colorado § 7-56-601 Encumbering property

Colorado Statutes

§ 7-56-601 — Encumbering property

Colorado·Title 07 Corporations·Art. Cooperatives

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.

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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.

Colorado § 7-56-601 (Encumbering property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.