Colorado § 7-58-1102 Effect of dissociation as member

Colorado Statutes

§ 7-58-1102 — Effect of dissociation as member

Colorado § 7-58-1102

Title 07Corporations

Art.Uniform Limited Cooperative Association Act

This text of Colorado § 7-58-1102 (Effect of dissociation as member) 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. § 7-58-1102 (2026).

Text

(1)Upon a member's dissociation, subject to section 7-58-1103:

(a)The dissociated member has no further rights as a member; and

(b)Any financial rights owned by the dissociated member in the dissociated member's capacity as a member immediately before dissociation are owned by the dissociated member as a transferee.

(2)A dissociated member's dissociation as a member does not of itself discharge the dissociated member from any debt, obligation, or liability to the limited cooperative association that the dissociated member incurred under the articles or bylaws, by contract, or by other means while a member.

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(1) Upon a member's
dissociation, subject to section 7-58-1103:

(a) The dissociated member has no further rights as a member; and

(b) Any financial rights owned by the dissociated member in the dissociated
member's capacity as a member immediately before dissociation are owned by the
dissociated member as a transferee.

(2) A dissociated member's dissociation as a member does not of itself
discharge the dissociated member from any debt, obligation, or liability to the
limited cooperative association that the dissociated member incurred under the
articles or bylaws, by contract, or by other means while a member.