reglab/housing_qa huggingface dataset:
CO Code § 7-134-102 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 1 - Voluntary Dissolution|§ 7-134-102. Dissolution by Directors and Members

  Unless otherwise provided in the bylaws, dissolution of a nonprofit corporation may be authorized in the manner provided in subsection (2) of this section.    For a proposal to dissolve the nonprofit corporation to be authorized:   The board of directors shall adopt the proposal to dissolve;    The board of directors shall recommend the proposal to dissolve to the members entitled to vote thereon unless the board of directors determines that, because of conflict of interest or other special circumstances, it should make no recommendation and communicates the basis for its determination to the members; and    The members entitled to vote on the proposal to dissolve shall approve the proposal to dissolve as provided in subsection (5) of this section.       The board of directors may condition the effectiveness of the dissolution, and the members may condition their approval of the dissolution, on any basis.    The nonprofit corporation shall give notice, in accordance with section 7-127-104, to each member entitled to vote on the proposal of the members' meeting at which the proposal to dissolve will be voted on. The notice shall state that the purpose, or one of the purposes, of the meeting is to consider the proposal to dissolve the nonprofit corporation, and the notice shall contain or be accompanied by a copy of the proposal or a summary thereof.    Unless articles 121 to 137 of this title, the articles of incorporation, bylaws adopted by the members, or the board of directors acting pursuant to subsection (3) of this section require a greater vote, the proposal to dissolve shall be approved by the votes required by sections 7-127-205 and 7-127-206 by every voting group entitled to vote on the proposal to dissolve.    The plan of dissolution shall indicate to whom the assets owned or held by the nonprofit corporation will be distributed after all creditors have been paid.     History. Source: L. 97: Entire article added, p. 720, § 3, effective July 1, 1998. L. 2008: (2)(b) amended, p. 21, § 9, effective August 5.
CO Code § 7-134-103 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 1 - Voluntary Dissolution|§ 7-134-103. Articles of Dissolution

  At any time after dissolution is authorized, the nonprofit corporation may dissolve by delivering to the secretary of state, for filing pursuant to part 3 of article 90 of this title, articles of dissolution stating:   The domestic entity name of the nonprofit corporation;    The principal office address of the nonprofit corporation's principal office; and    That the nonprofit corporation is dissolved.          (Deleted by amendment,L. 2004, p. 1513, § 305, effective July 1, 2004.)       A nonprofit corporation is dissolved upon the effective date of its articles of dissolution.    Articles of dissolution need not be filed by a nonprofit corporation that is dissolved pursuant to section 7-134-401.     History. Source: L. 97: Entire article added, p. 720, § 3, effective July 1, 1998. L. 2002: IP(1) amended, p. 1856, § 145, effective July 1; IP(1) amended, p. 1721, § 147, effective October 1. L. 2003: IP(1), (1)(a), and (1)(b) amended, p. 2346, § 321, effective July 1, 2004. L. 2004: (1) amended, p. 1513, § 305, effective July 1.
CO Code § 7-134-105 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 1 - Voluntary Dissolution|§ 7-134-105. Effect of Dissolution

  A dissolved nonprofit corporation continues its corporate existence but may not carry on any activities except as is appropriate to wind up and liquidate its affairs, including:   Collecting its assets;    Returning, transferring, or conveying assets held by the nonprofit corporation upon a condition requiring return, transfer, or conveyance, which condition occurs by reason of the dissolution, in accordance with such condition;    Transferring, subject to any contractual or legal requirements, its assets as provided in or authorized by its articles of incorporation or bylaws;    Discharging or making provision for discharging its liabilities;    Doing every other act necessary to wind up and liquidate its assets and affairs.       Upon dissolution of a nonprofit corporation exempt under section 501 (c)(3) of the internal revenue code or corresponding section of any future federal tax code, the assets of such nonprofit corporation shall be distributed for one or more exempt purposes under said section, or to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed of by the district court for the county in this state in which the street address of the nonprofit corporation's principal office is located, or, if the nonprofit corporation has no principal office in this state, by the district court of the county in which the street address of its registered agent is located, or, if the nonprofit corporation has no registered agent, the district court of the city and county of Denver exclusively for such purposes or to such organization or organizations, as said court shall determine, that are formed and operated exclusively for such purposes.    Dissolution of a nonprofit corporation does not:   Transfer title to the nonprofit corporation's property;    Subject its directors or officers to standards of conduct different from those prescribed in article 128 of this title;    Change quorum or voting requirements for its board of directors or members, change provisions for selection, resignation, or removal of its directors or officers, or both, or change provisions for amending its bylaws or its articles of incorporation;    Prevent commencement of a proceeding by or against the nonprofit corporation in its entity name; or    Abate or suspend a proceeding pending by or against the nonprofit corporation on the effective date of dissolution.       (Deleted by amendment,L. 2003, p. 2347, § 323, effective July 1, 2004.)    A dissolved nonprofit corporation may dispose of claims against it pursuant to sections 7-90-911 and 7-90-912.     History. Source: L. 97: Entire article added, p. 722, § 3, effective July 1, 1998. L. 2000: (3)(d) and (4) amended, p. 985, § 89, effective July 1. L. 2003: (2) and (4) amended, p. 2347, § 323, effective July 1, 2004. L. 2006: (5) added, p. 883, § 83, effective July 1.
CO Code § 7-134-301 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 3 - Judicial Dissolution|§ 7-134-301. Grounds for Judicial Dissolution

  A nonprofit corporation may be dissolved in a proceeding by the attorney general if it is established that:   The nonprofit corporation obtained its articles of incorporation through fraud; or    The nonprofit corporation has continued to exceed or abuse the authority conferred upon it by law.       A nonprofit corporation may be dissolved in a proceeding by a director or member if it is established that:   The directors are deadlocked in the management of the corporate affairs, the members, if any, are unable to break the deadlock, and irreparable injury to the nonprofit corporation is threatened or being suffered;    The directors or those otherwise in control of the nonprofit corporation have acted, are acting, or will act in a manner that is illegal, oppressive, or fraudulent;    The members are deadlocked in voting power and have failed, for a period that includes at least two consecutive annual meeting dates, to elect successors to directors whose terms have expired or would have expired upon the election of their successors; or    The corporate assets are being misapplied or wasted.       A nonprofit corporation may be dissolved in a proceeding by a creditor if it is established that:   The creditor's claim has been reduced to judgment, the execution on the judgment has been returned unsatisfied, and the nonprofit corporation is insolvent; or    The nonprofit corporation is insolvent and the nonprofit corporation has admitted in writing that the creditor's claim is due and owing.         If a nonprofit corporation has been dissolved by voluntary action taken under part 1 of this article:   The nonprofit corporation may bring a proceeding to wind up and liquidate its business and affairs under judicial supervision in accordance with section 7-134-105; and    The attorney general, a director, a member, or a creditor may bring a proceeding to wind up and liquidate the affairs of the nonprofit corporation under judicial supervision in accordance with section 7-134-105, upon establishing the grounds set forth in subsections (1) to (3) of this section.       As used in sections 7-134-302 to 7-134-304, a “proceeding to dissolve a nonprofit corporation” includes a proceeding brought under this subsection (4), and a “decree of dissolution” includes an order of court entered in a proceeding under this subsection (4) that directs that the affairs of a nonprofit corporation shall be wound up and liquidated under judicial supervision.         History. Source: L. 97: Entire article added, p. 728, § 3, effective July 1, 1998. L. 2004: (4)(b) amended, p. 1514, § 308, effective July 1. L. 2005: IP(4)(a) amended, p. 1219, § 30, effective October 1.
CO Code § 7-134-302 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 3 - Judicial Dissolution|§ 7-134-302. Procedure for Judicial Dissolution

  A proceeding by the attorney general to dissolve a nonprofit corporation shall be brought in the district court for the county in this state in which the street address of the nonprofit corporation's principal office or the street address of its registered agent is located or, if the nonprofit corporation has no principal office in this state and no registered agent, in the district court for the city and county of Denver. A proceeding brought by any other party named in section 7-134-301 shall be brought in the district court for the county in this state in which the street address of the nonprofit corporation's principal office is located or, if it has no principal office in this state, in the district court for the county in which the street address of its registered agent is located, or, if the nonprofit corporation has no registered agent, in the district court for the city and county of Denver.    It is not necessary to make directors or members parties to a proceeding to dissolve a nonprofit corporation unless relief is sought against them individually.    A court in a proceeding brought to dissolve a nonprofit corporation may issue injunctions, appoint a receiver or custodian pendente lite with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located, and carry on the activities of the nonprofit corporation until a full hearing can be held.     History. Source: L. 97: Entire article added, p. 729, § 3, effective July 1, 1998. L. 2003: (1) amended, p. 2349, § 328, effective July 1, 2004.
CO Code § 7-134-303 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 3 - Judicial Dissolution|§ 7-134-303. Receivership or Custodianship

  A court in a judicial proceeding to dissolve a nonprofit corporation may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage, the affairs of the nonprofit corporation. The court shall hold a hearing, after giving notice to all parties to the proceeding and any interested persons designated by the court, before appointing a receiver or custodian. The court appointing a receiver or custodian has exclusive jurisdiction over the nonprofit corporation and all of its property, wherever located.    The court may appoint an individual, a domestic entity, or a foreign entity authorized to transact business or conduct activities in this state, or a domestic or foreign nonprofit corporation authorized to transact business or conduct activities in this state as a receiver or custodian. The court may require the receiver or custodian to post bond, with or without sureties, in an amount stated by the court.    The court shall describe the powers and duties of the receiver or custodian in its appointing order which may be amended from time to time. Among other powers the receiver shall have the power to:   Dispose of all or any part of the property of the nonprofit corporation, wherever located, at a public or private sale, if authorized by the court; and    Sue and defend in the receiver's own name as receiver of the nonprofit corporation in all courts.       The custodian may exercise all of the powers of the nonprofit corporation, through or in place of its board of directors or officers, to the extent necessary to manage the affairs of the nonprofit corporation in the best interests of its members and creditors.    The court, during a receivership, may redesignate the receiver a custodian and during a custodianship may redesignate the custodian a receiver if doing so is in the best interests of the nonprofit corporation and its members and creditors.    The court from time to time during the receivership or custodianship may order compensation paid and expense disbursements or reimbursements made to the receiver or custodian and such person's counsel from the assets of the nonprofit corporation or proceeds from the sale of the assets.     History. Source: L. 97: Entire article added, p. 730, § 3, effective July 1, 1998. L. 2003: (2) amended, p. 2349, § 329, effective July 1, 2004. L. 2004: (1) amended, p. 1515, § 309, effective July 1.
CO Code § 7-134-304 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 3 - Judicial Dissolution|§ 7-134-304. Decree of Dissolution

  If after a hearing the court determines that one or more grounds for judicial dissolution described in section 7-134-301 exist, it may enter a decree dissolving the nonprofit corporation and stating the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the secretary of state for filing pursuant to part 3 of article 90 of this title.    After entering the decree of dissolution, the court shall direct the winding up and liquidation of the nonprofit corporation's activities in accordance with section 7-134-105 and the giving of notice to claimants in accordance with sections 7-90-911 and 7-90-912.    The court's order or decision may be appealed as in other civil proceedings.     History. Source: L. 97: Entire article added, p. 731, § 3, effective July 1, 1998. L. 2003: (1) and (2) amended, p. 2350, § 330, effective July 1, 2004. L. 2004: (2) amended, p. 1515, § 310, effective July 1. L. 2006: (2) amended, p. 883, § 84, effective July 1.
CO Code § 7-134-401 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 4 - Dissolution Upon Expiration of Period of Duration|§ 7-134-401. Dissolution Upon Expiration of Period of Duration

  A nonprofit corporation shall be dissolved upon and by reason of the expiration of its period of duration, if any, stated in its articles of incorporation.    A provision in the articles of incorporation to the effect that the nonprofit corporation or its existence shall be terminated at a stated date or after a stated period of time or upon a contingency, or any similar provision, shall be deemed to be a provision for a period of duration within the meaning of this section. The occurrence of such date, the expiration of the stated period of time, the occurrence of such contingency, or the satisfaction of such provision shall be deemed to be the expiration of the nonprofit corporation's period of duration for purposes of this section.     History. Source: L. 97: Entire article added, p. 731, § 3, effective July 1, 1998. L. 2003: (2) amended, p. 2350, § 331, effective July 1, 2004.
CO Code § 7-134-501 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 134 - Dissolution|Part 5 - Miscellaneous|§ 7-134-501. Deposit With State Treasurer

 Assets of a dissolved nonprofit corporation that should be transferred to a creditor, claimant, or member of the nonprofit corporation who cannot be found or who is not legally competent to receive them shall be reduced to cash and deposited with the state treasurer as property presumed to be abandoned under the provisions of article 13 of title 38, C.R.S.   History. Source: L. 97: Entire article added, p. 732, § 3, effective July 1, 1998.
CO Code § 7-137-103 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 137 - Transition Provisions|Part 1 - Application of Act|§ 7-137-103. Application to Foreign Nonprofit Corporations

 A foreign nonprofit corporation authorized to transact business or conduct activities in this state on June 30, 1998, is subject to articles 121 to 137 of this title but is not required to obtain new authorization to transact business or conduct activities under said articles.   History. Source: L. 97: Entire article added, p. 751, § 3, effective July 1, 1998. L. 2003: Entire section amended, p. 2353, § 339, effective July 1, 2004.
CO Code § 7-137-202 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 137 - Transition Provisions|Part 2 - Election by Pre-1968 Corporate Entities|§ 7-137-202. Statement of Election to Accept Articles 121 to 137 of This Title

  A statement of election to accept articles 121 to 137 of this title shall state:   The domestic entity name of the corporate entity;    A statement by the corporate entity that it has elected to accept said articles and that all required reports have been or will be filed and all fees, taxes, and penalties due to the state of Colorado accruing under any law to which the corporate entity heretofore has been subject have been paid;    If there are members or stockholders entitled to vote thereon, a statement stating the date of the meeting of such members or stockholders at which the election to accept articles 121 to 137 of this title was made, that a quorum was present at the meeting, and that such acceptance was authorized by at least two-thirds of the votes that members or stockholders present at such meeting in person or by proxy were entitled to cast;    If there are no members or stockholders entitled to vote thereon, a statement of such fact, the date of the meeting of the board of directors at which election to accept said articles was made, that a quorum was present at the meeting, and that such acceptance was authorized by a majority vote of the directors in office;    A statement that the corporate entity followed the requirements of the law under which it was formed, its articles of incorporation, and its bylaws so far as applicable in effecting such acceptance;       Repealed.    A statement that any attached copy of the articles of incorporation, affidavit, or other basic corporate charter of the corporate entity is true and correct;    If the corporate entity has issued shares of stock, a statement of such fact including the number of shares heretofore authorized, the number issued and outstanding, and a statement that all issued and outstanding shares of stock have been delivered to the corporate entity to be canceled upon the acceptance of articles 121 to 137 of this title by the corporate entity becoming effective and that from and after the effective date of said acceptance the authority of the corporate entity to issue shares of stock is terminated; except that this shall not apply to corporate entities formed for the acquisition and distribution of water to their stockholders.        History. Source: L. 97: Entire article added, p. 753, § 3, effective July 1, 1998. L. 2003: IP(1), (1)(a), (1)(c), (1)(e), (1)(f), and (1)(i) amended, p. 2354, § 341, effective July 1, 2004. L. 2004: (1)(f) and (1)(g) repealed, p. 1516, § 315, effective July 1.
CO Code § 7-137-203 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 137 - Transition Provisions|Part 2 - Election by Pre-1968 Corporate Entities|§ 7-137-203. Filing Statement of Election to Accept Articles 121 to 137 of This Title

 The statement of election to accept articles 121 to 137 of this title shall be delivered to the secretary of state for filing pursuant to part 3 of article 90 of this title.   History. Source: L. 97: Entire article added, p. 754, § 3, effective July 1, 1998. L. 2002: Entire section amended, p. 1859, § 155, effective July 1; entire section amended, p. 1724, § 157, effective October 1.
CO Code § 7-137-204 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 137 - Transition Provisions|Part 2 - Election by Pre-1968 Corporate Entities|§ 7-137-204. Effect of Certificate of Acceptance

  Upon the filing by the secretary of state of the statement of election to accept articles 121 to 137 of this title, the election of the corporate entity to accept said articles shall become effective.    A corporate entity so electing under articles 121 to 137 of this title or corresponding provision of prior law shall have the same powers and privileges and be subject to the same duties, restrictions, penalties, and liabilities as though such corporate entity had been originally formed under said articles and shall also be subject to any duties or obligations expressly imposed upon the corporate entity by a special charter, subject to the following:   If no period of duration is expressly fixed in the articles of incorporation of such corporate entity, its period of duration shall be deemed to be perpetual.    No amendment to the articles of incorporation adopted after such election to accept articles 121 to 137 of this title shall release or terminate any duty or obligation expressly imposed upon any such corporate entity under and by virtue of a special charter or enlarge any right, power, or privilege granted to any such corporate entity under a special charter, except to the extent that such right, power, or privilege might have been included in the articles of incorporation of a corporate entity formed under said articles.    In the case of any corporate entity with issued shares of stock, the holders of such issued shares who surrender them to the corporate entity to be canceled upon the acceptance of said articles by the corporate entity becoming effective shall become members of the corporate entity with one vote for each share of stock so surrendered until such time as the corporate entity by proper corporate action relative to the election, qualification, terms, and voting power of members shall otherwise prescribe.        History. Source: L. 97: Entire article added, p. 754, § 3, effective July 1, 1998. L. 2003: IP(2) and (2)(b) amended, p. 2355, § 342, effective July 1, 2004.