Colorado § 7-58-1005 Distributions

Colorado Statutes

§ 7-58-1005 — Distributions

Colorado·Title 07 Corporations·Art. Uniform Limited Cooperative Association Act

(1)Unless the articles or bylaws otherwise provide and subject to section 7-58-1007, the board of directors may authorize, and the limited cooperative association may make, distributions to members.

(2)Unless the articles or bylaws otherwise provide, distributions to members may be made in any form, including money, capital credits, allocated patronage equities, revolving fund certificates, and the limited cooperative association's own or other securities.

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(1) Unless the articles or bylaws otherwise provide
and subject to section 7-58-1007, the board of directors may authorize, and the
limited cooperative association may make, distributions to members.

(2) Unless the articles or bylaws otherwise provide, distributions to members
may be made in any form, including money, capital credits, allocated patronage
equities, revolving fund certificates, and the limited cooperative association's own
or other securities.

Colorado § 7-58-1005 (Distributions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.