Colorado Statutes

§ 7-58-819 — Conflict of interest

Colorado·Title 07 Corporations·Art. Uniform Limited Cooperative Association Act
(1)The law applicable to conflicts of interest relating to a director of an entity organized under the Colorado Business Corporation Act, articles 101 to 117 of this title, governs conflicts of interest relating to a limited cooperative association and a director.
(2)A director does not have a conflict of interest under this article or the articles and bylaws solely because the director's conduct relating to the duties of the director may further the director's own interest.

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Legislative History

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 796, � 1, effective April 2, 2012.

Nearby Sections

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