Colorado § 7-58-801 Board of directors

Colorado Statutes

§ 7-58-801 — Board of directors

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

(1)A limited cooperative association must have a board of directors of at least three individuals unless the association has fewer than three members. If the association has fewer than three members, the number of directors may not be fewer than the number of members.

(2)The affairs of a limited cooperative association must be managed by, or under the direction of, the board of directors. The board may adopt policies and procedures that do not conflict with the articles, bylaws, or this article.

(3)An individual is not an agent for a limited cooperative association solely by being a director.

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(1) A limited cooperative association must
have a board of directors of at least three individuals unless the association has
fewer than three members. If the association has fewer than three members, the
number of directors may not be fewer than the number of members.

(2) The affairs of a limited cooperative association must be managed by, or
under the direction of, the board of directors. The board may adopt policies and
procedures that do not conflict with the articles, bylaws, or this article.

(3) An individual is not an agent for a limited cooperative association solely
by being a director.

Colorado § 7-58-801 (Board of directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.