§ 7-58-404 — Voting by district, class, or voting group

Colorado § 7-58-404

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Uniform Limited Cooperative Association Act

Text

(1) This section applies
if the articles or bylaws provide for voting by district or class, or if there is one or
more identifiable voting groups that a proposed amendment to the articles or
bylaws would affect differently from other members with respect to matters
identified in section 7-58-405 (1). Approval of the amendment requires the same
percentage of votes of the members of that district, class, or voting group required
in sections 7-58-405 and 7-58-514.

(2) If a proposed amendment to the articles or bylaws would affect members
in two or more districts or classes entitled to vote separately under subsection (1) of
this section in the same or a substantially similar way, the districts or classes
affected shall vote as a single voting group unless the articles or bylaws otherwise
provide for separate voting.

Legislative History

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 775, � 1, effective April 2, 2012.