Colorado § 11-42-104 Participating and limited dividend shares

Colorado Statutes

§ 11-42-104 — Participating and limited dividend shares

Colorado § 11-42-104

Title 11Financial

Art.Shares and Stock

This text of Colorado § 11-42-104 (Participating and limited dividend shares) 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. § 11-42-104 (2026).

Text

Shares may be issued
to participate fully or to a limited extent in the net earnings of the association if the
articles of incorporation so provide, and such participation shall be specified in the
body of the certificate. All shares participating fully in net earnings shall be entitled
to an equal rate of dividend, if earned, as fixed by the board of directors. Shares
participating to a limited extent shall be entitled to such rate of dividend, if earned,
as fixed by the board of directors for the semiannual periods ending June thirtieth
and December thirty-first of each year; but, if the rate is decreased, the
shareholders thus affected shall be given written notice of the new rate, within
thirty days after date of declaration, by mailing such notice to their last-known
address

Free access — add to your briefcase to read the full text and ask questions with AI

Shares may be issued
to participate fully or to a limited extent in the net earnings of the association if the
articles of incorporation so provide, and such participation shall be specified in the
body of the certificate. All shares participating fully in net earnings shall be entitled
to an equal rate of dividend, if earned, as fixed by the board of directors. Shares
participating to a limited extent shall be entitled to such rate of dividend, if earned,
as fixed by the board of directors for the semiannual periods ending June thirtieth
and December thirty-first of each year; but, if the rate is decreased, the
shareholders thus affected shall be given written notice of the new rate, within
thirty days after date of declaration, by mailing such notice to their last-known
addresses.

Legislative History

Source: L. 33: pp. 312-317, �� 1-6. CSA: C. 25, � 19. L. 39: p. 248, � 19. L. 43: p. 202, � 4. CRS 53: � 122-3-4. L. 55: p. 762, � 8. C.R.S. 1963: � 122-3-4.