Colorado § 7-90-203.1 Exchange of owner's interest

Colorado Statutes

§ 7-90-203.1 — Exchange of owner's interest

Colorado § 7-90-203.1

Title 07Corporations

Art.Colorado Corporations and Associations Act

This text of Colorado § 7-90-203.1 (Exchange of owner's interest) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-90-203.1 (2026).

Text

(1)One or more domestic entities may acquire all owner's interests of any other entity or all of one or more classes, series, or types, in exchange for owner's interests or other securities, obligations, rights to acquire owner's interests, or other securities, cash, property, or any combination pursuant to a plan of exchange complying with section 7-90-203.3 and approved pursuant to section 7-90-203.4.

(2)A foreign entity may be party to an exchange pursuant to a plan of exchange complying with section 7-90-203.3 and approved, in the case of a domestic entity, pursuant to section 7-90-203.4, if:

(a)The exchange is not prohibited by the constituent documents or organic statutes of the foreign entity;

(b)The foreign entity complies with all of the requirements, if any, of its

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(1) One or more domestic entities
may acquire all owner's interests of any other entity or all of one or more classes,
series, or types, in exchange for owner's interests or other securities, obligations,
rights to acquire owner's interests, or other securities, cash, property, or any
combination pursuant to a plan of exchange complying with section 7-90-203.3 and
approved pursuant to section 7-90-203.4.

(2) A foreign entity may be party to an exchange pursuant to a plan of
exchange complying with section 7-90-203.3 and approved, in the case of a
domestic entity, pursuant to section 7-90-203.4, if:

(a) The exchange is not prohibited by the constituent documents or organic
statutes of the foreign entity;

(b) The foreign entity complies with all of the requirements, if any, of its
constituent documents and organic statutes in effecting the exchange; and

(c) Any foreign entity that is the acquiring entity in the exchange complies
with section 7-90-204.5.

(3) This section does not limit the power of a domestic entity to acquire the
owner's interests of any other entity in a transaction other than an exchange.

Legislative History

Source: L. 2019: Entire section added, (SB 19-086), ch. 166, p. 1914, � 8, effective July 1, 2020. L. 2022: (1) and (3) amended, (HB 22-1250), ch. 80, p. 396, � 2, effective August 10.