reglab/housing_qa huggingface dataset:
CO Code § 7-56-508 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 5 - Powers and Purposes: Application of Other Laws|§ 7-56-508. Cooperatives Not in Restraint of Trade

 No cooperative formed under or subject to this article shall solely by its organization and existence be deemed to be a conspiracy or a combination in restraint of trade, an illegal monopoly, or an attempt to lessen competition or to fix prices arbitrarily, nor shall the marketing or purchasing contracts and agreements between any cooperative and its members or any agreements authorized in this article be considered illegal as such, in unlawful restraint of trade, or as part of a conspiracy or combination to accomplish an improper or illegal purpose.   History. Source: L. 96: Entire article R&RE, p. 512, § 1, effective July 1. L. 2003: Entire section amended, p. 2229, § 92, effective July 1, 2004.    Editor's note:   This section is similar to former § 7-56-129 as it existed prior to 1996.   ANNOTATION   Annotator's note: Since § 7-56-508 is similar to § 7-56-129 as it existed prior to the 1996 repeal and reenactment of this article, relevant cases construing that provision have been included in the annotations to this section.   This section exempts cooperative marketing associations from the penalties and restrictions of the state's anti-trust law. Rifle Potato Growers' Coop. Ass'n v. Smith, 78 Colo. 171 , 240 P. 937 (1925); Beatrice Creamery Co. v. Cline, 9 F.2d 176 (D. Colo. 1925 ).   And the general assembly does have the power to exempt such combinations from prosecution and dissolution as unlawful trusts. Rifle Potato Growers' Coop. Ass'n v. Smith, 78 Colo. 171 , 240 P. 937 (1925); Beatrice Creamery Co. v. Cline, 9 F.2d 176 (D. Colo. 1925 ).
CO Code § 7-56-509 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 5 - Powers and Purposes: Application of Other Laws|§ 7-56-509. Exemption From Securities Laws

 Any security, patronage refund, per unit retain certificate, capital credit, evidence of membership, preferred equity certificate, or other equity instrument issued, sold, or reported by a cooperative as an investment in its stock or capital to the patrons of a cooperative formed under or subject to this article or a similar law of any other jurisdiction and authorized to transact business or conduct activities in this state is exempt from the securities laws contained in the “Colorado Securities Act”, article 51 of title 11, C.R.S. Such securities, patronage refunds, per unit retain certificates, capital credits, or evidences of membership, preferred equity certificates or other equity instruments may be issued, sold, or reported lawfully by the issuer or its directors, officers, members, or salaried employees without the necessity of the issuer or its directors, officers, members, or employees being registered as brokers or dealers under the “Colorado Securities Act”, article 51 of title 11, C.R.S.   History. Source: L. 96: Entire article R&RE, p. 512, § 1, effective July 1. L. 2003: Entire section amended, p. 2229, § 93, effective July 1, 2004.    Editor's note:   This section is similar to former § 7-55-115 as it existed in 1996.
CO Code § 7-56-510 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 5 - Powers and Purposes: Application of Other Laws|§ 7-56-510. Renewable Energy Cooperatives - Powers

  In addition to the powers granted in this article, renewable energy cooperatives may generate electricity from renewable resources or technologies and transmit and sell electricity at wholesale.    No renewable energy cooperative shall sell electricity at retail or have a certificated territory in the state except as allowed for its own service or pursuant to public utility law or other legal authority.     History. Source: L. 2004: Entire section added, p. 1122, § 2, effective May 27.
CO Code § 7-56-601 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 6 - Property Encumbrances, Business Combinations, and Property Sales|§ 7-56-601. Encumbering Property

 The board of a cooperative has full power and authority, without approval of its members, to mortgage, pledge, encumber, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of the cooperative's property, whether or not in the usual and regular course of business, and to execute and deliver mortgages, deeds of trust, security agreements, or other instruments for such purposes.   History. Source: L. 96: Entire article R&RE, p. 512, § 1, effective July 1.
CO Code § 7-56-603 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 6 - Property Encumbrances, Business Combinations, and Property Sales|§ 7-56-603. Procedure for Consolidation, Share or Equity Capital Exchange, Conversion, and Merger

  A plan for consolidation or share or equity capital exchange must state the following:   The entity name of each entity planning to consolidate or exchange shares or equity capital and the principal office address of its principal office;    The entity name of the surviving entity, or of the acquiring entity, and the principal office address of its principal office;    A statement that the consolidating entities are consolidated with the surviving entity, or that the acquiring entity is acquiring shares or equity capital of the other entities, and the section of this article pursuant to which the consolidation or exchange is effected;    Any amendments to the articles of the surviving party to be effected by the consolidation or equity capital exchange; and    With respect to agricultural and other cooperatives exempted from the operation of laws such as the federal and state securities or antitrust laws, any steps necessary to maintain such exemption if the cooperative wishes to maintain such status.       The plan of consolidation or share or equity capital exchange may state any other provisions relating to the consolidation or share or equity capital exchange. (2.3) A plan of conversion shall comply with section 7-90-201.3 . (2.7) A plan of merger shall comply with section 7-90-203.3 .    Nothing in this section shall be deemed to limit the power of a cooperative or other entity to acquire all or part of the shares or equity capital of another cooperative through a voluntary exchange or through an agreement with the members of such other cooperative.     History. Source: L. 96: Entire article R&RE, p. 513, § 1, effective July 1. L. 2003: IP(1), (1)(a) to (1)(d), and (2) amended, p. 2230, § 95, effective July 1, 2004. L. 2004: (1)(d) RC&RE, p. 1415, § 53, effective July 1. L. 2007: IP(1), (1)(a), (1)(c), (1)(d), and (2) amended and (2.3) and (2.7) added, p. 220, § 4, effective May 29. L. 2019: IP(1), (1)(c), and (1)(d) amended,(SB 19-086), ch. 166, p. 1964, § 64, effective July 1, 2020.    Editor's note:   This section is similar to former §§ 7-55-112 , 7-56-108 , 7-56-121 , and 7-56-126 as they existed prior to 1996.
CO Code § 7-56-604.5 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 6 - Property Encumbrances, Business Combinations, and Property Sales|§ 7-56-604.5. Statement of Merger or Conversion

  After a plan of merger is approved, the surviving entity shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, a statement of merger pursuant to section 7-90-203.7. If the plan of merger provides for amendments to the articles of incorporation of the surviving entity, the surviving entity shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, articles of amendment effecting the amendments.    After a plan of conversion is approved, the converting entity shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, a statement of conversion pursuant to section 7-90-201.7.     History. Source: L. 2004: Entire section added, p. 1415, § 55, effective July 1. L. 2007: Entire section amended, p. 220, § 5, effective May 29.
CO Code § 7-56-605 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 6 - Property Encumbrances, Business Combinations, and Property Sales|§ 7-56-605. Statement of Consolidation or Share or Equity Capital Exchange

  (Deleted by amendment,L. 2004, p. 1415, § 56, effective July 1, 2004.)    After a plan of consolidation or share or equity capital exchange is approved by all necessary action of all parties, the acquiring entity shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title 7, a statement of consolidation or a statement of exchange stating:   The entity name of each entity that is a party to the consolidation or the shares of which will be acquired and the principal office address of its principal office;    The entity name of the consolidated or acquiring entity and the principal office address of its principal office; and    The effective date of the consolidation or share or equity capital exchange.  (c.5) and (d) (Deleted by amendment, L. 2004, p. 1415 , § 56, effective July 1, 2004.)        The consolidation or share or equity capital exchange shall be effective as provided in section 7-90-304.     History. Source: L. 96: Entire article R&RE, p. 515, § 1, effective July 1. L. 2002: (1), IP(2), and (3) amended, p. 1818, § 27, effective July 1; (1), IP(2), and (3) amended, p. 1683, § 25, effective October 1. L. 2003: IP(2), (2)(c), and (2)(d) amended and (2)(c.5) added, p. 2230, § 97, effective July 1, 2004. L. 2004: Entire section amended, p. 1415, § 56, effective July 1. L. 2019: IP(2) amended,(SB 19-086), ch. 166, p. 1965, § 65, effective July 1, 2020.    Editor's note:   This section is similar to former §§ 7-55-112 , 7-56-108 , 7-56-121 , and 7-56-126 as they existed prior to 1996.
CO Code § 7-56-606 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 6 - Property Encumbrances, Business Combinations, and Property Sales|§ 7-56-606. Effect of Merger, Conversion, Consolidation, or Share or Equity Capital Exchange

  The effect of a merger is determined by section 7-90-204.    The effect of a conversion is determined by section 7-90-202.    When a consolidation takes effect:   Each nonsurviving party to the consolidation consolidates into the surviving party, and the separate existence of every party to the consolidation except the surviving party ceases;    The title to all real estate and other property owned by each nonsurviving party is transferred to and vested in the surviving party without reversion or impairment. Such transfer to and vesting in the surviving party shall be deemed to occur by operation of law, and no consent or approval of any other person shall be required in connection with any such transfer or vesting unless such consent or approval is specifically required in the event of consolidation by law or by express provision in any contract, agreement, decree, order, or other instrument to which any of the parties so consolidated is a party or by which it is bound.    The surviving party has all liabilities of each party to the consolidation;    A proceeding pending against any party to the consolidation may be continued as if the consolidation did not occur or the surviving party may be substituted in the proceeding for the party whose existence ceased;    The articles of the surviving party are amended to the extent provided in the plan of consolidation; and    The shares of each such party to the consolidation that are to be converted into shares, obligations, or other securities of the surviving or any other party or into money or other property are converted, and the former holders of the shares or equity capital are entitled only to the rights provided in the statement of consolidation.       When a share or equity capital exchange takes effect, the shares or equity capital of each acquired party are exchanged as provided in the plan, and the former holders of the shares or equity capital are entitled only to the exchange rights provided in the articles of share or equity capital exchange.     History. Source: L. 96: Entire article R&RE, p. 515, § 1, effective July 1. L. 2004: (1) amended, p. 1416, § 57, effective July 1. L. 2007: Entire section amended, p. 220, § 6, effective May 29.    Editor's note:   This section is similar to former §§ 7-55-112 , 7-56-108 , 7-56-121 , and 7-56-126 as they existed prior to 1996.
CO Code § 7-56-606.5 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 6 - Property Encumbrances, Business Combinations, and Property Sales|§ 7-56-606.5. Merger With Foreign Entity

  One or more domestic cooperatives may merge with one or more foreign entities if:   The merger is permitted by section 7-90-203 (2);    The foreign entity complies with section 7-90-203.7 if it is the surviving entity of the merger; and    Each domestic cooperative complies with the applicable provisions of sections 7-56-602 and 7-56-603 and, if it is the surviving cooperative of the merger, with section 7-56-604.5.       Upon the merger taking effect, the surviving foreign entity of a merger shall comply with section 7-90-204.5.     History. Source: L. 2007: Entire section added, p. 222, § 7, effective May 29.
CO Code § 7-56-609 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 6 - Property Encumbrances, Business Combinations, and Property Sales|§ 7-56-609. Sale or Other Disposition of Property Without Member Approval

  A cooperative may, on the terms and conditions and for the consideration determined by the board:   Sell, lease, exchange, or otherwise dispose of any of its property in the usual and regular course of business; except that a sale, lease, exchange, or other disposition of all, or substantially all, of its property shall never be considered to be in the usual and regular course of business;    Transfer to itself any or all of the property of a domestic or foreign entity when all the voting rights of the transferor are owned, directly or indirectly, by the transferee cooperative.       Unless otherwise provided in the articles or bylaws, approval by the members of a transaction described in subsection (1) of this section is not required.     History. Source: L. 96: Entire article R&RE, p. 520, § 1, effective July 1.
CO Code § 7-56-701 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-701. Authorization of Dissolution Before Issuance of Memberships

 If a cooperative has not yet issued memberships, a majority of its directors or, if the initial directors designated in the articles have not met or if not designated in the articles have not been elected, a majority of its incorporators, may authorize the dissolution of the cooperative.   History. Source: L. 96: Entire article R&RE, p. 522, § 1, effective July 1.    Editor's note:   This section is similar to former § 7-55-114 as it existed prior to 1996.
CO Code § 7-56-702 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-702. Authorization of Dissolution After Issuance of Memberships

  After memberships have been issued, dissolution of a cooperative may be authorized in the following manner:   The board, by a two-thirds majority vote of all its members, shall first adopt a resolution recommending dissolution that conforms to the requirements of paragraph (c) of this subsection (1);    The board shall submit the resolution adopted pursuant to paragraph (a) of this subsection (1) to the members;    The resolution adopted pursuant to paragraph (a) of this subsection (1) shall state the reasons why the termination of the affairs of the cooperative is deemed advisable, the time by which it should be accomplished, whether or not the board may revoke dissolution, and the names of three persons and two alternates to act as trustees in liquidation who shall have all the powers of the board to do all things they deem necessary for the efficient distribution of claims to creditors, in liquidation and termination of the affairs of the cooperative, including the sale of all or substantially all of the cooperative's property as they deem necessary if the resolution also provides for a sale of the property. Such trustees and alternates need not be members of the cooperative. Any vacancies in the trusteeship shall be first filled by the designated alternates and then may be filled by such persons as may be designated by the remaining trustees.       The board may condition the effectiveness of the dissolution on any basis.    The cooperative shall give notice to each member of the regular or special meeting at which the resolution to dissolve will be voted upon. The notice shall state that the purpose, or one of the purposes, of the meeting is to consider the proposal to dissolve the cooperative. The notice shall contain or be accompanied by a copy of the proposal or a summary thereof, including a description of the proposed distribution of the cooperative's assets and, if voting by mail is permitted, with a mail ballot attached to it.    The proposal to dissolve shall be approved by a two-thirds majority vote of the members present and voting in person or in any other manner authorized by the cooperative pursuant to section 7-56-305 (1) at a regular or special meeting called for such purpose. A cooperative shall not permit proportional voting to apply to a vote of members on a resolution to dissolve pursuant to this section.     History. Source: L. 96: Entire article R&RE, p. 522, § 1, effective July 1. L. 98: (1)(a) amended, p. 613, § 7, effective July 1. L. 2007: (3) amended, p. 224, § 10, effective May 29.    Editor's note:   This section is similar to former § 7-55-114 as it existed prior to 1996.
CO Code § 7-56-703 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-703. Articles of Dissolution

  At any time after dissolution is authorized, the cooperative 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 cooperative;    The principal office address of the cooperative's principal office; and    That the cooperative is dissolved.          (Deleted by amendment,L. 2004, p. 1418, § 59, effective July 1, 2004.)       A cooperative is dissolved upon the effective date of its filed articles of dissolution.    (Deleted by amendment,L. 2003, p. 2232, § 101, effective July 1, 2004.)     History. Source: L. 96: Entire article R&RE, p. 523, § 1, effective July 1. L. 2002: IP(1) amended, p. 1819, § 29, effective July 1; IP(1) amended, p. 1683, § 27, effective October 1. L. 2003: IP(1), (1)(a), (1)(b), and (3) amended, p. 2232, § 101, effective July 1, 2004. L. 2004: (1) amended, p. 1418, § 59, effective July 1.    Editor's note:   This section is similar to former § 7-55-114 as it existed prior to 1996.
CO Code § 7-56-714 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-714. Grounds for Judicial Dissolution

  A cooperative may be dissolved in a proceeding brought in court by the attorney general if it is established that:   The cooperative obtained its organization through fraud; or    The cooperative has exceeded or abused the authority conferred upon it by law.       A cooperative may be dissolved in a proceeding brought in court by not less than ten percent of the total number of members if it is established that:   The directors are deadlocked in the management of the cooperative's affairs, the members are unable to break the deadlock, and irreparable injury to the cooperative is threatened or suffered, or the business and affairs of the cooperative can no longer be conducted to the advantage of the members generally;    The directors or those in control of the cooperative have acted, are acting, or will act in a manner that is illegal, oppressive, or fraudulent; or    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.       A cooperative may be dissolved in a proceeding brought in court by a creditor if it is established that:   A creditor's claim has been reduced to judgment, the execution on the judgment has been returned unsatisfied, and the cooperative is insolvent; or    The cooperative is insolvent and the cooperative has admitted in writing that a creditor's claim is due and owing.         If a cooperative has been dissolved by voluntary action taken under sections 7-56-701 to 7-56-705:   The cooperative may bring a proceeding in court to wind up and liquidate its business and affairs under judicial supervision in accordance with section 7-56-716; or    The attorney general, a member, or a creditor, as the case may be, may bring a proceeding in court to wind up and liquidate the business and affairs of the cooperative under judicial supervision in accordance with section 7-56-716, upon establishing the grounds set forth for such person, respectively, in subsections (1) to (3) of this section.       As used in sections 7-56-715 to 7-56-717, a “proceeding to dissolve the cooperative” 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 business and affairs of a cooperative be wound up and liquidated under judicial supervision.         History. Source: L. 96: Entire article R&RE, p. 531, § 1, effective July 1. L. 2003: IP(4)(a) amended, p. 2234, § 106, effective July 1, 2004. L. 2004: (4)(b) amended, p. 1420, § 64, effective July 1. L. 2005: IP(4)(a) amended, p. 1218, § 27, effective October 1. L. 2006: IP(4)(a) amended, p. 849, § 6, effective July 1.
CO Code § 7-56-715 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-715. Procedure for Judicial Dissolution

  A proceeding to dissolve a cooperative brought by the attorney general shall be brought in the district court for the county in this state in which the street address of the cooperative's principal office is located or, if the cooperative 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 cooperative has no registered agent, in the district court for the city and county of Denver. A proceeding brought by any other party named in section 7-56-714 shall be brought in the district court for the county in this state in which the street address of the cooperative's principal office is located or, if the cooperative 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 cooperative has no registered agent, in the district court for the city and county of Denver.    A court in a proceeding brought to dissolve a cooperative 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 cooperative's assets, wherever located, and carry on the business of the cooperative until a full hearing can be held.     History. Source: L. 96: Entire article R&RE, p. 532, § 1, effective July 1. L. 2003: (1) amended, p. 2234, § 107, effective July 1, 2004. L. 2004: (1) amended, p. 1421, § 65, effective July 1.