Colorado § 7-58-809 Vacancy on board

Colorado Statutes

§ 7-58-809 — Vacancy on board

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

(1)Unless the articles or bylaws otherwise provide, a vacancy on the board of directors must be filled:

(a)Within a reasonable time by majority vote of the remaining directors, until the next annual members meeting or a special meeting of members is called to fill the vacancy; and

(b)For the balance of the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy.

(2)Unless the articles or bylaws otherwise provide, if a vacating director was elected or appointed by a class of members or a district:

(a)The new director must be of that class or district; and

(b)The selection of the director for the unexpired term must be conducted in the same manner as would the selection for that position without a vacancy.

(3)

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(1) Unless the articles or bylaws otherwise
provide, a vacancy on the board of directors must be filled:

(a) Within a reasonable time by majority vote of the remaining directors, until
the next annual members meeting or a special meeting of members is called to fill
the vacancy; and

(b) For the balance of the unexpired term by members at the next annual
members meeting or a special meeting of members called to fill the vacancy.

(2) Unless the articles or bylaws otherwise provide, if a vacating director was
elected or appointed by a class of members or a district:

(a) The new director must be of that class or district; and

(b) The selection of the director for the unexpired term must be conducted in
the same manner as would the selection for that position without a vacancy.

(3) If a member appointed a vacating director, the articles or bylaws may
provide for that member to appoint a director to fill the vacancy.

Colorado § 7-58-809 (Vacancy on board) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.