Colorado § 7-58-1006 Redemption or repurchase

Colorado Statutes

§ 7-58-1006 — Redemption or repurchase

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

Property distributed to a member by
a limited cooperative association, other than money, may be redeemed or
repurchased as provided in the articles or bylaws, but a redemption or repurchase
may not be made without authorization by the board of directors. The board may
withhold authorization for any reason in its sole discretion. A redemption or
repurchase is treated as a distribution for purposes of section 7-58-1007.

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Property distributed to a member by
a limited cooperative association, other than money, may be redeemed or
repurchased as provided in the articles or bylaws, but a redemption or repurchase
may not be made without authorization by the board of directors. The board may
withhold authorization for any reason in its sole discretion. A redemption or
repurchase is treated as a distribution for purposes of section 7-58-1007.

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