Colorado Statutes
§ 40-20-105 — Construction started within two years
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Colorado § 40-20-105 (Construction started within two years) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: G.L. � 303. G.S. � 337. L. 1889: p. 95 � 1. R.S. 08: � 5413. C.L. � 2818. CSA: C. 139, � 4. CRS 53: � 116-1-5. C.R.S. 1963: � 116-1-5.
Nearby Sections
15
§ 40-1-101
Short title - public utilities law§ 40-1-102
Definitions§ 40-1-103
Public utility defined§ 40-1-103.3
Alternative fuel vehicles - definition§ 40-1-104
Securities - issuance§ 40-1.1-101
Legislative declaration§ 40-1.1-102
Definitions§ 40-1.1-103
Classification of transportation§ 40-1.1-104
Inapplicable laws and regulations§ 40-1.1-105
Insurance for volunteers§ 40-1.1-106
Safety and insurance regulation§ 40-10.1-101
Definitions§ 40-10.1-102
Powers of commission§ 40-10.1-103
Subject to control by commission§ 40-10.1-104
Compliance