reglab/housing_qa huggingface dataset:
CO Code § 7-58-306 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 3 - Formation and Initial Articles of Limited Cooperative Association - Bylaws|§ 7-58-306. Required Provision for Members' Contributions

 The articles or the bylaws shall address members' contributions pursuant to section 7-58-1001 .   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 774, § 1, effective April 2, 2012.
CO Code § 7-58-401 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 4 - Amendment of Articles and Bylaws of Limited Cooperative Associations|§ 7-58-401. Authority to Amend Articles and Bylaws

  A limited cooperative association may amend its articles and bylaws under this part 4 for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under section 7-58-304.    Unless the articles or bylaws otherwise provide, a member does not have a vested property right resulting from any provision in the articles or bylaws, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 774, § 1, effective April 2, 2012.
CO Code § 7-58-402 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 4 - Amendment of Articles and Bylaws of Limited Cooperative Associations|§ 7-58-402. Notice and Action on Amendment of Articles and Bylaws

  Except as provided in this subsection (1) and section 7-58-405 (6), the articles and bylaws of a limited cooperative association may be amended only at a members meeting. An amendment requiring membership approval may be proposed by either:   A majority of the board of directors, or a greater percentage if required by the articles or bylaws; or    One or more petitions signed by at least ten percent of the patron members or at least ten percent of the investor members.       The board of directors shall call a members meeting to consider an amendment proposed pursuant to subsection (1) of this section. The meeting shall be held not later than ninety days following the proposal of the amendment by the board or receipt of a petition or petitions satisfying the requirements of this section. The board shall mail or otherwise transmit or deliver in a record to each member:   The proposed amendment, or a summary of the proposed amendment and a statement of the manner in which a copy of the amendment in a record may be reasonably obtained by a member;    A recommendation that the members approve the amendment, or, if the board determines that because of conflict of interest or any other reason it should not make a favorable recommendation, the basis for that determination;    A statement of any condition of the board's submission of the amendment to the members; and    Notice of the meeting at which the proposed amendment will be considered, which shall be given in the same manner as notice for a special meeting of members.        History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 774, § 1, effective April 2, 2012.
CO Code § 7-58-403 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 4 - Amendment of Articles and Bylaws of Limited Cooperative Associations|§ 7-58-403. Method of Voting on Amendment of Articles and Bylaws

  A substantive change to a proposed amendment of the articles or bylaws may not be made at the members meeting at which a vote on the amendment occurs.    A nonsubstantive change to a proposed amendment of the articles or bylaws may be made at the members meeting at which the vote on the amendment occurs and need not be separately voted upon by the board of directors.    A vote to adopt a nonsubstantive change to a proposed amendment to the articles or bylaws shall be by the same percentage of votes required to pass a proposed amendment.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 775, § 1, effective April 2, 2012.
CO Code § 7-58-404 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 4 - Amendment of Articles and Bylaws of Limited Cooperative Associations|§ 7-58-404. Voting by District, Class, or Voting Group

  This section applies if the articles or bylaws provide for voting by district or class, or if there is one or more identifiable voting groups that a proposed amendment to the articles or bylaws would affect differently from other members with respect to matters identified in section 7-58-405 (1). Approval of the amendment requires the same percentage of votes of the members of that district, class, or voting group required in sections 7-58-405 and 7-58-514.    If a proposed amendment to the articles or bylaws would affect members in two or more districts or classes entitled to vote separately under subsection (1) of this section in the same or a substantially similar way, the districts or classes affected shall vote as a single voting group unless the articles or bylaws otherwise provide for separate voting.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 775, § 1, effective April 2, 2012.
CO Code § 7-58-406 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 4 - Amendment of Articles and Bylaws of Limited Cooperative Associations|§ 7-58-406. Restated Articles

  The board of directors may restate the articles at any time with or without action by the members. If the limited cooperative association does not have both members and directors, its organizers may restate the articles at any time.    The restatement may include one or more amendments to the articles. If the restatement includes an amendment requiring approval of the members, it must be approved in the same manner as an amendment to the articles under section 7-58-405 (1).    If the board of directors submits a restatement for action by the members, the board shall call a meeting of members and mail or otherwise transmit or deliver in a record the information and give notice of the meeting in accordance with section 7-58-402 (2) to each member entitled to vote on the restatement. The copy of the restatement provided to members must identify any amendment or other change the restatement would make in the articles.    A limited cooperative association restating its articles shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, articles of restatement stating:   The domestic entity name of the association;    The text of the restated articles; and    If the restatement was adopted by the board of directors or organizers without member action, a statement to that effect and that member action was not required.       Upon filing by the secretary of state or at any later effective date determined pursuant to section 7-90-304, restated articles supersede the original articles and all prior amendments to them.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 777, § 1, effective April 2, 2012.
CO Code § 7-58-407 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 4 - Amendment of Articles and Bylaws of Limited Cooperative Associations|§ 7-58-407. Amendment of Articles - Filing

  A limited cooperative association amending its articles shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, articles of amendment stating:   The domestic name of the association; and    The text of each amendment adopted.       Before the beginning of the initial meeting of the board of directors, an organizer who knows that information in the filed articles was inaccurate when the articles were filed or has become inaccurate due to changed circumstances shall promptly:   Cause the articles to be amended; and    If appropriate, deliver a statement of:   Change to the secretary of state for filing pursuant to section 7-90-305.5; or    Correction to the secretary of state for filing pursuant to section 7-90-305.          Upon filing, an amendment of the articles that has been properly adopted by the members is effective as provided in section 7-90-304.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 778, § 1, effective April 2, 2012.
CO Code § 7-58-501 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-501. Members

 To begin business, a limited cooperative association must have at least two patron members unless the sole member is a cooperative.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 778, § 1, effective April 2, 2012.
CO Code § 7-58-502 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-502. Becoming a Member

  A person becomes a member:   As provided in the articles or bylaws;    As the result of a merger or conversion under part 16 of this article; or    With the consent of all the members.        History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 778, § 1, effective April 2, 2012.
CO Code § 7-58-503 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-503. No Power as Member to Bind Association

 A member, solely by reason of being a member, may not act for or bind the limited cooperative association.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 779, § 1, effective April 2, 2012.
CO Code § 7-58-504 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-504. No Liability as Member for Association's Obligations

 Unless the articles otherwise provide, a debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not the debt, obligation, or liability of a member solely by reason of being a member.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 779, § 1, effective April 2, 2012.
CO Code § 7-58-506 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-506. Annual Meeting of Members

  Members shall meet annually at a time provided in the articles or bylaws or set by the board of directors not inconsistent with the articles and bylaws.    An annual members meeting may be held inside or outside this state at the place stated in the articles or bylaws or selected by the board of directors not inconsistent with the articles and bylaws.    Unless the articles or bylaws otherwise provide, members may attend or conduct an annual members meeting through any means of communication if all members attending the meeting can communicate with each other during the meeting.    The board of directors shall report, or cause to be reported, at the association's annual members meeting the association's business and financial condition as of the close of the most recent fiscal year.    Unless the articles or bylaws otherwise provide, the board of directors shall designate the presiding officer of the association's annual members meeting.    Failure to hold an annual members meeting does not affect the validity of any action by the limited cooperative association.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 780, § 1, effective April 2, 2012.
CO Code § 7-58-507 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-507. Special Meeting of Members

  A special meeting of members may be called only:   As provided in the articles or bylaws;    By a majority vote of the board of directors on a proposal stating the purpose of the meeting;    By demand in a record signed by members holding at least twenty percent of the voting power of the persons in any district or class entitled to vote on the matter that is the purpose of the meeting stated in the demand; or    By demand in a record signed by members holding at least ten percent of the total voting power of all the persons entitled to vote on the matter that is the purpose of the meeting stated in the demand.       A demand under paragraph (c) or (d) of subsection (1) of this section must be submitted to the officer of the limited cooperative association charged with keeping its records.    Any voting member may withdraw its demand under paragraph (c) or (d) of subsection (1) of this section before receipt by the limited cooperative association of demands sufficient to require a special meeting of members.    A special meeting of members may be held inside or outside this state at the place stated in the articles or bylaws or selected by the board of directors not inconsistent with the articles and bylaws.    Unless the articles or bylaws otherwise provide, members may attend or conduct a special meeting of members through the use of any means of communication if all members attending the meeting can communicate with each other during the meeting.    Only business within the purpose or purposes stated in the notice of a special meeting of members may be conducted at the meeting.    Unless the articles or bylaws otherwise provide, the presiding officer of a special meeting of members shall be designated by the board of directors.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 781, § 1, effective April 2, 2012.
CO Code § 7-58-508 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-508. Notice of Members Meeting

  A limited cooperative association shall notify each member of the time, date, and place of a members meeting at least ten and not more than sixty days before the meeting; except that, if the notice is of a meeting of the members in one or more districts or classes of members, the notice shall be given only to members in those districts or classes.    Unless this article or the articles otherwise provide, notice of an annual members meeting need not include any purpose of the meeting.    Notice of a special meeting of members shall include each purpose of the meeting as contained in the demand under section 7-58-507 (1)(c) or (1)(d) or as voted upon by the board of directors under section 7-58-507 (1)(b).    Notice of a members meeting shall be given in a record unless oral notice is reasonable under the circumstances.      Notwithstanding any other provision of this section, whenever notice is required to be given under this section or under any other provision of this article to any member, such notice shall not be required to be given to a member if:   Notice of two consecutive annual meetings, and all notices of meetings during the period between the two consecutive annual meetings, have been sent to the member at the member's address as shown on the records of the limited cooperative association and have been returned undeliverable; or    All, but not less than two, payments of distributions during a twelve-month period, or two consecutive payments of distributions during a period of more than twelve months, have been sent to the member at the member's address as shown on the records of the association and have been returned undeliverable.       If any such member delivers to the association a notice in a record setting forth the member's then-current address, the requirement that notice be given to the member shall be reinstated.         History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 782, § 1, effective April 2, 2012.
CO Code § 7-58-509 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-509. Waiver of Members Meeting Notice

  A member may waive notice of a members meeting before, during, or after the meeting.    A member's participation in a members meeting is a waiver of notice of that meeting unless the member objects to the meeting at the beginning of the meeting or promptly upon the member's arrival at the meeting and does not thereafter vote for or assent to action taken at the meeting.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 782, § 1, effective April 2, 2012.
CO Code § 7-58-510 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-510. Quorum of Members

 Unless the articles or bylaws otherwise require a different number of members or percentage of the voting power, a quorum for conducting business at all meetings of the members consists of five percent of the total number of members or thirty members present at the meeting, whichever is less. Nothing prevents the articles or bylaws from requiring a greater or lesser number or percentage of members, or members of classes, districts, or voting groups as a quorum.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 783, § 1, effective April 2, 2012.
CO Code § 7-58-511 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-511. Voting by Patron Members

 Except as provided by section 7-58-512 (1) , each patron member has one vote. The articles or bylaws may allocate voting power among patron members as provided in section 7-58-512 (1) .   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 783, § 1, effective April 2, 2012.
CO Code § 7-58-512 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-512. Determination of Voting Power of Patron Member

  The articles or bylaws may allocate voting power among patron members on the basis of one or a combination of the following:   One member, one vote;    Use or patronage;    Equity; or    If a patron member is a cooperative, the number of its patron members.       If the articles or bylaws allocate voting power on the basis of use or patronage and a member would be denied a vote because the member did not use the limited cooperative association or conduct patronage with it during the period on which the allocation of voting power is determined, the articles or bylaws must provide that the member shall nevertheless be allocated a vote equal to at least the minimum voting power allocated to members who used the association or conducted patronage with it during the period.    The articles or bylaws may provide for the allocation of patron member voting power by districts or class or any combination thereof.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 783, § 1, effective April 2, 2012.
CO Code § 7-58-513 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-513. Voting by Investor Members

 If the articles or bylaws provide for investor members, each investor member has one vote unless the articles or bylaws otherwise provide. The articles or bylaws may provide for the allocation of investor member voting power by class, classes, or any combination of classes.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 783, § 1, effective April 2, 2012.
CO Code § 7-58-514 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-514. Voting Requirements for Members

  If a limited cooperative association has both patron and investor members, the following rules apply:   The total voting power of all patron members must not be less than a majority of the entire voting power entitled to vote.    Action on any matter is approved only upon the affirmative vote of at least a majority of:   All members voting at the meeting unless more than a majority is required or permitted by parts 4, 12, 15, and 16 of this article or the articles or bylaws; and    Votes cast by patron members unless the articles or bylaws require a larger affirmative vote by patron members.       The articles or bylaws may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.        History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 784, § 1, effective April 2, 2012.
CO Code § 7-58-515 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-515. Manner of Voting

  Unless the articles or bylaws otherwise provide, voting by a proxy at a members meeting is prohibited. This subsection (1) does not prohibit delegate voting based on district or class.    If voting by a proxy is permitted, a patron member may appoint only another patron member as a proxy and, if investor members are permitted, an investor member may appoint only another investor member as a proxy.    The articles or bylaws may provide for the manner of and provisions governing the appointment of a proxy.    The articles or bylaws may provide for voting on any question by ballot delivered by mail or voting by other means on questions that are subject to vote by members.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 784, § 1, effective April 2, 2012.
CO Code § 7-58-517 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 5 - Members|§ 7-58-517. Districts and Delegates - Classes of Members

  The articles or bylaws may provide for the formation of geographic districts of patron members, the conduct of patron member meetings by districts, the election of directors at the meetings, the election of district delegates to represent and vote for the district at members meetings, or any combination thereof.    A delegate elected under subsection (1) of this section has one vote unless voting power is otherwise allocated by the articles or bylaws.    The articles or bylaws may provide for the establishment of classes of members; the preferences, rights, and limitations of the classes; the conduct of members meetings by classes and the election of directors at the meetings; the election of class delegates to represent and vote for the district at members meetings; or any combination thereof.    A delegate elected under subsection (3) of this section has one vote unless voting power is otherwise allocated by the articles or bylaws.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 786, § 1, effective April 2, 2012.
CO Code § 7-58-601 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 6 - Member's Interest in Limited Cooperative Association|§ 7-58-601. Member's Interest

  A member's interest:   Is personal property;    Consists of:   Governance rights;    Financial rights; and    The right or obligation, if any, to do business with the limited cooperative association; and       May be in certificated or uncertificated form.        History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 786, § 1, effective April 2, 2012.