Colorado § 40-20-106 Directors - election

Colorado Statutes

§ 40-20-106 — Directors - election

Colorado § 40-20-106

Title 40Utilities

Art.Organization and Government

This text of Colorado § 40-20-106 (Directors - election) 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. § 40-20-106 (2026).

Text

At any meeting of the stockholders of any
railroad corporation formed under the laws of this state for the election of
directors, managers, or trustees, the stockholders may classify the directors in
three equal classes, as near as may be, one of which classes shall hold office for
one year, one for two years, and one for three years until its successors are
respectively elected; and at all subsequent elections, in the event such
classification is made, directors shall be elected for three years to fill the places
made vacant by the class whose term of office expires at that time.

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At any meeting of the stockholders of any
railroad corporation formed under the laws of this state for the election of
directors, managers, or trustees, the stockholders may classify the directors in
three equal classes, as near as may be, one of which classes shall hold office for
one year, one for two years, and one for three years until its successors are
respectively elected; and at all subsequent elections, in the event such
classification is made, directors shall be elected for three years to fill the places
made vacant by the class whose term of office expires at that time.