§ 28-3-906 — Units - corporate structure and powers

(1) Each federally
recognized organization of the National Guard, without any further proceeding
other than the filing with the secretary of state of a certificate by the adjutant
general to that effect, constitutes a corporate body to be known by the name by
which such organization is officially designated under the military laws and
regulations of the state and shall possess all the powers necessary and convenient
to accomplish the objects and perform the duties prescribed by law.

(2) The members of such military organization in good standing, and no
others, shall constitute the members of such corporation and shall elect three
trustees who, together with the commanding officer, shall manage and administer
the civil business of such corporation. The commanding officer shall be ex officio
president, and the trustees shall elect one of their number vice-president, one
treasurer, and one secretary.

(3) Each such organization may take, by purchase, devise, gift, or otherwise,
and hold, so long as such organization is an existing organization and a part of the
National Guard, any property, real or personal. All such property shall be in the
custody and control of the trustees provided for in subsection (2) of this section.
Such organizations may sell, exchange, or otherwise dispose of property so
acquired.

(4) When any such organization is disbanded by proper authority, such
corporation shall cease to exist, and all property belonging to it shall become the
property of the state of Colorado and be devoted to such military uses as the
adjutant general determines. Nothing in this section shall limit the authority vested
in the officers of the organization by state or federal law.

Legislative History

Source: L. 55: p. 627, � 65. CRS 53: � 94-9-65. C.R.S. 1963: � 94-1-65.