Colorado § 40-20-105 Construction started within two years

Colorado Statutes

§ 40-20-105 — Construction started within two years

Colorado § 40-20-105

Title 40Utilities

Art.Organization and Government

This text of Colorado § 40-20-105 (Construction started within two years) 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. § 40-20-105 (2026).

Text

If any railway
corporation, within two years after its articles of association have been filed and
recorded, does not begin the construction of its road and expend thereon twenty
percent of the amount of its capital within five years after the date of its
organization, its corporate existence and power shall cease; but any such railway
corporation at any time may reduce its capital stock in the manner and form
provided by the laws of this state, and if twenty percent of the amount of its capital,
as so reduced, has at any time been expended in good faith in the construction of
its road, then its corporate existence and power shall not cease or be deemed to
have ceased.

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If any railway
corporation, within two years after its articles of association have been filed and
recorded, does not begin the construction of its road and expend thereon twenty
percent of the amount of its capital within five years after the date of its
organization, its corporate existence and power shall cease; but any such railway
corporation at any time may reduce its capital stock in the manner and form
provided by the laws of this state, and if twenty percent of the amount of its capital,
as so reduced, has at any time been expended in good faith in the construction of
its road, then its corporate existence and power shall not cease or be deemed to
have ceased.