Colorado § 7-58-1202 Voluntary dissolution

Colorado Statutes

§ 7-58-1202 — Voluntary dissolution

Colorado § 7-58-1202

Title 07Corporations

Art.Uniform Limited Cooperative Association Act

This text of Colorado § 7-58-1202 (Voluntary dissolution) 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. § 7-58-1202 (2026).

Text

(1)Except as otherwise provided in sections 7-58-1203 and 7-90-908, a limited cooperative association is dissolved and its activities must be wound up:

(a)Upon the occurrence of an event or at a time specified in the articles;

(b)Upon the action of the association's organizers, board of directors, or members under section 7-58-1205 or 7-58-1206; or

(c)Ninety days after the dissociation of a member that results in the association having one patron member and no other members, unless the association:

(I)Has a sole member that is a cooperative; or

(II)Not later than the end of the ninety-day period, admits at least one member in accordance with the articles or bylaws and has at least two members, at least one of which is a patron member.

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(1) Except as otherwise provided in
sections 7-58-1203 and 7-90-908, a limited cooperative association is dissolved
and its activities must be wound up:

(a) Upon the occurrence of an event or at a time specified in the articles;

(b) Upon the action of the association's organizers, board of directors, or
members under section 7-58-1205 or 7-58-1206; or

(c) Ninety days after the dissociation of a member that results in the
association having one patron member and no other members, unless the
association:

(I) Has a sole member that is a cooperative; or

(II) Not later than the end of the ninety-day period, admits at least one
member in accordance with the articles or bylaws and has at least two members, at
least one of which is a patron member.