Colorado § 7-58-401 Authority to amend articles and bylaws

Colorado Statutes

§ 7-58-401 — Authority to amend articles and bylaws

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

(1)A limited cooperative association may amend its articles and bylaws under this part 4 for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under section 7-58-304.

(2)Unless the articles or bylaws otherwise provide, a member does not have a vested property right resulting from any provision in the articles or bylaws, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.

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(1) A limited cooperative
association may amend its articles and bylaws under this part 4 for any lawful
purpose. In addition, the initial board of directors may amend the bylaws of an
association under section 7-58-304.

(2) Unless the articles or bylaws otherwise provide, a member does not have
a vested property right resulting from any provision in the articles or bylaws,
including a provision relating to the management, control, capital structure,
distribution, entitlement, purpose, or duration of the limited cooperative
association.

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