reglab/housing_qa huggingface dataset:
CO Code § 7-47-101 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-101. Who May Organize - Powers

  Three or more persons may associate themselves together under the provisions of law, for the purpose of procuring and establishing a cemetery or place of sepulture, and they shall, upon association and compliance with the provisions of law, be a body politic and corporate; may sue and be sued; may have a common seal that may be altered at pleasure; may purchase, hold, and convey real and personal estate; may choose a president and other officers; may enact bylaws for regulating the affairs of the corporation, not inconsistent with the law of this state, and compel the observance thereof by suitable penalties; and may do all acts necessary for the well ordering of the affairs of such corporation. (1.5)   A board of directors for a nonprofit cemetery corporation shall include at least one director who owns a lot, grave space, niche, or crypt. If such an owner cannot be found to serve as a director, the board of directors shall maintain a vacancy until the director position can be filled with such an owner. A nonprofit cemetery corporation may wait until the first vacancy on the board of directors occurs after January 1, 2013, before appointing a director who owns a lot, grave space, niche, or crypt.    This subsection (1.5) applies only to cemeteries as defined in section 6-24-101 (2).       A nonprofit corporation subject to the “Colorado Revised Nonprofit Corporation Act”, articles 121 to 137 of this title, shall have all of the rights and powers granted by this article to the extent not inconsistent with said act, if such nonprofit corporation otherwise complies with the terms and provisions of this article.      History. Source: G.L. § 236. G.S. § 379. R.S. 08: § 1047. C.L. § 2430. CSA: C. 41, § 227. CRS 53: § 31-26-1 . C.R.S. 1963: § 31-22-1 . L. 67: P. 659, § 13. L. 97: (2) amended, p. 757, § 14, effective July 1, 1998. L. 2003: (1) amended, p. 2209, § 28, effective July 1, 2004. L. 2012: (1.5) added,(HB 12-1068), ch. 229, p. 1008, § 1, effective August 8. L. 2017: (1.5)(b) amended,(HB 17-1244), ch. 239, p. 983, § 2, effective August 9.    ANNOTATION   Rules and regulations of a cemetery association are not open to the objection that they are arbitrary and discriminatory because they are applicable to all who acquire burial sites in the association's grounds in the same manner and under like circumstances. Gasser v. Crown Hill Cem. Ass'n, 103 Colo. 175 , 84 P.2d 67 (1938).
CO Code § 7-47-102 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-102. May Acquire Land

 Any corporation formed under the law of this state to establish and maintain a cemetery or burial place for the dead may acquire suitable and sufficient land therefor in the manner provided by articles 1 to 7 of title 38, C.R.S.   History. Source: L. 1887: P. 70, § 1. R.S. 08: § 1048. C.L. § 2431. CSA: C. 41, § 228. CRS 53: § 31-26-2 . C.R.S. 1963: § 31-22-2 . L. 2003: Entire section amended, p. 2209, § 29, effective July 1, 2004.    ANNOTATION   Law reviews. For article, “Eminent Domain in Colorado”, see 29 Dicta 313 (1952).
CO Code § 7-47-103 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-103. Land Surveyed and Platted

 Such corporation shall cause its land, or such portion thereof as may, from time to time, become necessary for that purpose, to be surveyed into lots, avenues, and walks, and to be platted. The plat of ground as surveyed shall be acknowledged by some officer of the corporation and filed in the office of the recorder of the county in which the land is situated. Each lot shall be regularly numbered by the surveyor, and such number shall be marked on the plat.   History. Source: L. 1887: P. 70, § 2. R.S. 08: § 1049. C.L. § 2432. CSA: C. 41, § 229. CRS 53: § 31-26-3 . C.R.S. 1963: § 31-22-3 .
CO Code § 7-47-104 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-104. Disposition of Proceeds of Sales of Lots

 The net proceeds arising from the sale of lots by such corporation and all other income and revenue thereof, after paying for cemetery ground, shall be exclusively applied, appropriated, and used in improving, preserving, and embellishing the cemetery and its appurtenances, and to paying the necessary expenses of the corporation, and shall not be appropriated for any purpose of profit to the corporation or its members.   History. Source: L. 1887: P. 70, § 3. R.S. 08: § 1050. C.L. § 2433. CSA: C. 41, § 230. CRS 53: § 31-26-4 . C.R.S. 1963: § 31-22-4 .
CO Code § 7-47-104.5 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-104.5. Reports

  Each nonprofit cemetery corporation shall keep in its principal office and, upon reasonable request, shall make available for inspection and study to the owner of any grave space, niche, or crypt, or to a duly authorized representative of the owner, the following:   An annual written report setting forth the number of interments and entombments maintained by the nonprofit cemetery corporation, the number of interments and entombments for the preceding year, and any other facts necessary to show the actual financial condition of the nonprofit cemetery corporation;    A complete and current copy of any bylaws or articles of incorporation adopted by the board of directors;    A copy of the minutes of each meeting of the board of directors for the last three years;    A copy of each periodic report filed during the last three years with the Colorado secretary of state in accordance with section 7-90-501;    A copy of internal revenue service form 990 reports, or any successor form or report, for the last three years; and    A copy of the corporation's current balance sheet, income statement, and cash-flow statement.       To comply with this section, the report must be attested to by the accountant, auditor, or other person preparing the report and verified by a vote of the board of directors.    Upon written request for a specific list of documents, the nonprofit cemetery shall provide to any owner of a lot, grave space, niche, or crypt electronic or physical copies of any reports required by this section. The nonprofit cemetery shall fulfill the request within seven days after receipt of the request and payment of a copying charge, if paper copies are required or requested, not to exceed twenty-five cents per physical copied page. The nonprofit cemetery shall not charge for electronic copies.     History. Source: L. 2012: Entire section added, (HB 12-1068), ch. 229, p. 1008, § 2, effective August 8.
CO Code § 7-47-105 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-105. Rights of Lot Owners

  If the grounds purchased or otherwise acquired for cemetery purposes have been previously used as a burial ground, those who are lot owners at the time of the purchase continue to own the lots and are members of the corporation.    An owner of a lot, grave space, niche, or crypt may attend any meeting of the board of directors. The board of directors shall provide reasonable notice of any board meeting to owners of a lot, grave space, niche, or crypt, who may not participate in meetings of the board of directors without permission of the chairperson.     History. Source: L. 1887: P. 70, § 4. R.S. 08: § 1051. C.L. § 2434. CSA: C. 41, § 231. CRS 53: § 31-26-5 . C.R.S. 1963: § 31-22-5 . L. 2012: Entire section amended, (HB 12-1068), ch. 229, p. 1009, § 3, effective August 8.
CO Code § 7-47-106 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-106. Property Exempt From Taxes - Attachment

 All the property of such corporation used or owned for the purposes of this article shall be exempt from taxation, assessment, lien, attachment, and levy and sale upon execution, except for the purchase price of the property.   History. Source: L. 1887: P. 71, § 5. R.S. 08: § 1052. C.L. § 2435. CSA: C. 41, § 232. CRS 53: § 31-26-6 . L. 59: P. 532, § 7. C.R.S. 1963: § 31-22-6 .    Cross references:   For mortuaries located in cemeteries, see § 12-135-201 .   ANNOTATION   Cemeteries not used or held for profit are exempt from taxation under this section. Grisard v. Roselawn Cem. Ass'n, 92 Colo. 289 , 19 P.2d 766 (1933).   As well as assessment, lien, or attachment. Concerned with the projection of § 5 of art. X, Colo. Const., exempting certain properties from taxation, the Colorado general assembly, as early as 1887, provided that cemetery property not only be exempt from taxation, but from assessment, lien, or attachment. Beth Medrosh Hagodol v. City of Aurora, 126 Colo. 267 , 248 P.2d 732 (1952).   Including local assessments. The law-making body possessing plenary legislative power over the subject of assessments may if it chooses, and as it has done, exempt cemeteries from local assessments. Other states by statutes have exempted cemeteries by a provision that they shall not be subject to “any tax or debt whatever”. City & County of Denver v. Tihen, 77 Colo. 212 , 235 P. 777 (1925).   And where cemetery property is erroneously assessed by a local government, an injunction is proper to grant relief. Grisard v. Roselawn Cem. Ass'n, 92 Colo. 289 , 19 P.2d 766 (1933).   Use of property as a cemetery, not use and ownership, is the test of the right of exemption under this statute. City & County of Denver v. Tihen, 77 Colo. 212 , 235 P. 777 (1925).
CO Code § 7-47-107 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-107. Property Not Exempt - When

 The property of any corporation or association formed under the law of this state to establish and maintain a cemetery for the purposes of profit shall not be exempt from taxation, liens, or levy and sale until actually sold or disposed of for cemetery purposes; and when any block, lot, or parcel of land has been disposed of for cemetery purposes or burial sites for the dead, the same, with streets, walks, and avenues leading thereto, shall be exempt as provided by section 7-47-106 .   History. Source: L. 1891: P. 58, § 1. R.S. 08: § 1053. C.L. § 2436. CSA: C. 41, § 233. CRS 53: § 31-26-7 . C.R.S. 1963: § 31-22-7 . L. 2003: Entire section amended, p. 2210, § 30, effective July 1, 2004.
CO Code § 7-47-108 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-108. Not Applicable - When

 The provisions of section 7-47-104 shall not apply to any association or corporation formed under the law of this state to maintain a cemetery for profit.   History. Source: L. 1891: P. 58, § 1. R.S. 08: § 1054. C.L. § 2437. CSA: C. 41, § 234. CRS 53: § 31-26-8 . C.R.S. 1963: § 31-22-8 . L. 2003: Entire section amended, p. 2210, § 31, effective July 1, 2004.
CO Code § 7-47-109 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 47 - Cemetery Companies|§ 7-47-109. Abandoned Graves - Right to Reclaim

  If there is a lot, grave space, niche, or crypt in a cemetery in which no remains have been interred, no burial memorial has been placed, and no other improvement has been made for a continuous period of no less than seventy-five years, the corporation that established or maintains the cemetery, referred to in this section as the “corporation”, may initiate the process of reclaiming title to the lot, grave space, niche, or crypt in accordance with this section.    A corporation seeking to reclaim a lot, grave space, niche, or crypt shall:   Send written notice of the corporation's intent to reclaim title to the lot, grave space, niche, or crypt to the owner's last-known address by first-class mail; and    Publish a notice of the corporation's intent to reclaim title to the lot, grave space, niche, or crypt in a newspaper of general circulation in the area in which the cemetery is located once per week for four weeks.       The notice required by subsection (2) of this section shall clearly indicate that the corporation intends to terminate the owner's rights and title to the lot, grave space, niche, or crypt and include a recitation of the owner's right to notify the corporation of the owner's intent to retain ownership of the lot, grave space, niche, or crypt.    If the corporation does not receive from the owner of the lot, grave space, niche, or crypt a letter of intent to retain ownership of the lot, grave space, niche, or crypt within sixty days after the last publication of the notice required by paragraph (b) of subsection (2) of this section, all rights and title to the lot, grave space, niche, or crypt shall transfer to the corporation. The corporation may then sell, transfer, or otherwise dispose of the lot, grave space, niche, or crypt without risk of liability to the prior owner of the lot, grave space, niche, or crypt.    A corporation that reclaims title to a lot, grave space, niche, or crypt in accordance with this section shall retain in its records for no less than one year a copy of the notice sent pursuant to paragraph   of subsection (2) of this section and a copy of the notice published pursuant to paragraph (b) of subsection (2) of this section.       If a person submits to a corporation a legitimate claim to a lot, grave space, niche, or crypt that the corporation has reclaimed pursuant to this section, the corporation shall transfer to the person at no charge a lot, grave space, niche, or crypt that, to the extent possible, is equivalent to the reclaimed lot, grave space, niche, or crypt.    Notwithstanding any provision of law to the contrary, on and after August 7, 2006, a corporation shall not convey title to the real property surveyed as a lot in a cemetery for use as a burial space. A corporation may grant interment rights to a lot, grave space, niche, or crypt in a cemetery.     History. Source: L. 2006: Entire section added, p. 441, § 1, effective August 7.
CO Code § 7-48-101 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-101. Short Title

 This article shall be known and may be cited as the “Colorado Business Development Corporation Act”.   History. Source: L. 65: P. 447, § 1. C.R.S. 1963: § 31-23-1 .
CO Code § 7-48-102 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-102. Definitions

 As used in this article, unless the context otherwise requires:    “Board of directors” means the board of directors of a corporation created under this article.    “Corporation” means a Colorado business development corporation created under the provisions of this article.    “Financial institution” means any bank, trust company, savings and loan association, public or private pension or retirement fund, insurance company or related corporation, partnership, foundation, or other institution engaged in lending or investing funds.    “Loan limit” for any member means the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this article.    “Member” means any financial institution which undertakes to lend money to a corporation created under this article, upon its call and in accordance with the provisions of this article.     History. Source: L. 65: P. 447, § 1. C.R.S. 1963: § 31-23-2 . L. 2013: (3) amended,(SB 13-154), ch. 282, p. 1469, § 23, effective July 1.    Cross references:   For additional definitions applicable to this article, see § 7-90-102 .
CO Code § 7-48-103 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-103. Incorporation - Applicability of “Colorado Business Corporation Act”

 A business development corporation may be incorporated in this state pursuant to the provisions of article 102 of this title, and all the provisions of the “Colorado Business Corporation Act”, articles 101 to 117 of this title, not in conflict with or inconsistent with the provisions of this article shall apply to such corporation except as otherwise provided in this article. The purpose clause of the articles of incorporation shall recite that the purposes for which the corporation is formed are to stimulate and promote the business prosperity and economic welfare of this state and its citizens; to encourage and assist, through financial aid, advice, technical assistance, and other appropriate means, the location of new businesses and industries and the rehabilitation, improvement, and expansion of existing businesses and industries throughout the state; and, in furtherance of these purposes, to cooperate with the division of commerce and development of this state and with other organizations, public and private.   History. Source: L. 65: P. 448, § 1. C.R.S. 1963: § 31-23-3 . L. 93: Entire section amended, p. 856, § 10, effective July 1, 1994.
CO Code § 7-48-104 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-104. Domestic Entity Name

 In addition to complying with part 6 of article 90 of this title, providing for entity names, each corporation created under this article shall have as part of its domestic entity name the words “Business Development”.   History. Source: L. 65: P. 448, § 1. C.R.S. 1963: § 31-23-4 . L. 2003: Entire section amended, p. 2210, § 32, effective July 1, 2004. L. 2004: Entire section amended, p. 1403, § 14, effective July 1.
CO Code § 7-48-105 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-105. Approval of Governor

 The articles of incorporation shall not be filed by the secretary of state unless approved by the governor in writing. This approval shall not be given by the governor until the governor first has sought the advice of the division of commerce and development.   History. Source: L. 65: P. 448, § 1. C.R.S. 1963: § 31-23-5 . L. 2004: Entire section amended, p. 1404, § 15, effective July 1.
CO Code § 7-48-106 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-106. Restrictions on Powers

  The powers of a corporation shall be subject to the following restrictions:   It shall not approve any application for a loan until the applicant shall have shown that the applicant has applied to a financial institution that could lawfully lend the amount of money sought and that the financial institution has refused in writing to make the requested loan.    It shall not incur any secondary liability for the debts of others but may assume primary liability therefor.    It shall not give security for any loan made to it unless all loans to it are secured ratably in proportion to unpaid balances due.        History. Source: L. 65: P. 449, § 1. C.R.S. 1963: § 31-23-6 . L. 2004: (1)(a) amended, p. 1404, § 16, effective July 1.
CO Code § 7-48-107 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-107. Acquisition or Disposition of Securities and Capital Stock

 Notwithstanding any other provision of law, any person, corporation, public utility, financial institution, or labor union may acquire, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bonds, notes, debentures, securities, or other evidences of indebtedness or the shares of capital stock of a corporation created under this article; but the amount of capital stock which may be acquired by any member of such corporation shall not exceed ten percent of the loan limit of that member.   History. Source: L. 65: P. 449, § 1. C.R.S. 1963: § 31-23-7 .
CO Code § 7-48-109 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-109. Capital Stock - Stockholders and Members

  Each share of stock of a corporation shall have a par value of one hundred dollars and shall be issued for cash. No preferred stock shall be issued. At least one hundred thousand dollars shall be paid into the treasury for capital stock before the corporation shall be authorized to transact any business other than that which relates to its organization.    Each stockholder shall be entitled to one vote, in person or by proxy, for each share of capital stock held, and each member shall be entitled to one vote, in person or by proxy, for each one thousand dollars of the authorized loan limit of such member as determined under section 7-48-108 (2).    The rights given by the “Colorado Business Corporation Act”, articles 101 to 117 of this title, to stockholders to attend meetings and to receive notice thereof and exercise voting rights shall apply to members as well as to stockholders of a corporation created under this article. The voting rights of the members shall be the same as if they were a separate class of stockholders, and stockholders and members shall in all cases vote separately by classes. A quorum at a meeting shall require the presence in person or by proxy of a majority of the holders of the voting rights of each class.     History. Source: L. 65: P. 451, § 1. C.R.S. 1963: § 31-23-9 . L. 2003: (3) amended, p. 2210, § 33, effective July 1, 2004.
CO Code § 7-48-110 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-110. Directors

 The business and affairs of a corporation shall be conducted by a board of directors. The number of directors shall be a multiple of three. Two-thirds of the directors shall be elected by the members and one-third shall be elected by the stockholders. Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the stockholders shall be filled by the directors elected by the stockholders.   History. Source: L. 65: P. 451, § 1. C.R.S. 1963: § 31-23-10 .
CO Code § 7-48-111 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-111. Amendments to Articles of Incorporation

 No amendment to the articles of incorporation shall be made which increases the obligation of a member to make loans to the corporation or which makes any change in the principal amount, interest rate, maturity date, or security or credit position of any outstanding loan made by a member to the corporation or which affects the right of a member to withdraw from membership or the voting rights of such member, without the consent of each member who would be affected by such amendment.   History. Source: L. 65: P. 451, § 1. C.R.S. 1963: § 31-23-11 .
CO Code § 7-48-112 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-112. Earned Surplus

 Each year the corporation shall set apart as earned surplus not less than ten percent of its net earnings for the preceding fiscal year until such surplus is equal in value to one-half of the amount paid in on the capital stock then outstanding. If the amount of surplus so established becomes impaired, it shall be built up again to the required amount in the manner provided for its original accumulation.   History. Source: L. 65: P. 452, § 1. C.R.S. 1963: § 31-23-12 .
CO Code § 7-48-113 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 48 - Business Development Corporations|§ 7-48-113. Members to Have Rights of Stockholders

 The rights given to stockholders under the provisions of sections 7-102-106 , 7-103-104 , 7-110-203 , and 7-114-102 shall apply to members as well as to stockholders of a corporation created under this article.   History. Source: L. 65: P. 452, § 1. C.R.S. 1963: § 31-23-13 . L. 93: Entire section amended, p. 856, § 11, effective July 1, 1994. L. 2004: Entire section amended, p. 1404, § 17, effective July 1.