Colorado § 7-58-805 Term of director

Colorado Statutes

§ 7-58-805 — Term of director

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

(1)Unless the articles or bylaws otherwise provide, and subject to subsections (3) and (4) of this section and section 7-58-304

(4), the term of a director expires at the annual members meeting following the director's election or appointment.

(2)Unless the articles or bylaws otherwise provide, a director may be reelected.

(3)Except as otherwise provided in subsection (4) of this section, a director continues to serve until a successor director is elected or appointed and qualifies or the director is removed, resigns, is adjudged incompetent, or dies.

(4)Unless the articles or bylaws otherwise provide, a director shall not serve the remainder of the director's term if the director ceases to qualify to be a director.

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(1) Unless the articles or bylaws otherwise
provide, and subject to subsections (3) and (4) of this section and section 7-58-304
(4), the term of a director expires at the annual members meeting following the
director's election or appointment.

(2) Unless the articles or bylaws otherwise provide, a director may be
reelected.

(3) Except as otherwise provided in subsection (4) of this section, a director
continues to serve until a successor director is elected or appointed and qualifies or
the director is removed, resigns, is adjudged incompetent, or dies.

(4) Unless the articles or bylaws otherwise provide, a director shall not serve
the remainder of the director's term if the director ceases to qualify to be a director.

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