reglab/housing_qa huggingface dataset:
CO Code § 7-114-103 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 114 - Dissolution|Part 1 - Voluntary Dissolution|§ 7-114-103. Articles of Dissolution

  At any time after dissolution is authorized, the 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 corporation;    The principal office address of the corporation's principal office; and    That the corporation is dissolved.          (Deleted by amendment,L. 2004, p. 1506, § 280, effective July 1, 2004.)       A corporation is dissolved upon the effective date of its articles of dissolution.    Repealed.    Articles of dissolution need not be filed by a corporation that is dissolved pursuant to section 7-114-102.5.     History. Source: L. 93: Entire article added, p. 823, § 1, effective July 1, 1994. L. 96: (3) repealed and (4) added, pp. 1324, 1325, §§ 35, 36, effective June 1. L. 2002: IP(1) amended, p. 1850, § 121, effective July 1; IP(1) amended, p. 1715, § 121, effective October 1. L. 2003: IP(1), (1)(a), and (1)(b) amended, p. 2328, § 264, effective July 1, 2004. L. 2004: (1)(c), (1)(d), (1)(e), and (1)(f) amended, p. 1506, § 280, effective July 1.
CO Code § 7-114-304 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 114 - Dissolution|Part 3 - Judicial Dissolution|§ 7-114-304. Decree of Dissolution

  If after a hearing the court determines that one or more grounds for judicial dissolution described in section 7-114-301 exist, it may enter a decree dissolving the 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 corporation's business and affairs in accordance with section 7-114-105 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. 93: Entire article added, p. 833, § 1, effective July 1, 1994. L. 2003: (1) and (2) amended, p. 2330, § 271, effective July 1, 2004. L. 2004: (2) amended, p. 1508, § 286, effective July 1. L. 2006: (2) amended, p. 881, § 76, effective July 1.
CO Code § 7-114-401 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 114 - Dissolution|Part 4 - Miscellaneous|§ 7-114-401. Deposit With State Treasurer

 Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the 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. 93: Entire article added, p. 833, § 1, effective July 1, 1994.
CO Code § 7-121-101 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 121 - General Provisions|Part 1 - Short Title and Reservation of Power|§ 7-121-101. Short Title

 Articles 121 to 137 of this title shall be known and may be cited as the “Colorado Revised Nonprofit Corporation Act”.   History. Source: L. 97: Entire article added, p. 646, § 3, effective July 1, 1998.    ANNOTATION   Annotator's note. Since § 7-121-101 is similar to § 7-20-101 as it existed prior to the 1997 recodification of the “Colorado Revised Nonprofit Corporation Act”, articles 121 to 137 of title 7, a case construing that provision has been included in the annotations to this section.   A school building authority created as a nonprofit pursuant to this section was not a governmental entity, nor did it possess the requisite authority to file a Chapter 9 petition in bankruptcy. In Re Ellicott Sch. Bldg. Auth., 150 B.R. 261 (Bankr. D. Colo. 1992 ).
CO Code § 7-121-102 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 121 - General Provisions|Part 1 - Short Title and Reservation of Power|§ 7-121-102. Reservation of Power to Amend or Repeal

 The general assembly has the power to amend or repeal all or part of articles 121 to 137 of this title at any time and all domestic and foreign nonprofit corporations subject to said articles shall be governed by the amendment or repeal.   History. Source: L. 97: Entire article added, p. 646, § 3, effective July 1, 1998.
CO Code § 7-121-201 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 121 - General Provisions|Part 2 - Filing Documents|§ 7-121-201. Filing Requirements

 Part 3 of article 90 of this title, providing for the filing of documents, applies to any document filed or to be filed by the secretary of state pursuant to articles 121 to 137 of this title.   History. Source: L. 2003: Entire part R&RE, p. 2332, § 279, effective July 1, 2004.
CO Code § 7-121-501 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 121 - General Provisions|Part 5 - Private Foundations|§ 7-121-501. Private Foundations

  Except where otherwise determined by a court of competent jurisdiction, a nonprofit corporation that is a private foundation as defined in section 509   of the internal revenue code:    Shall not engage in any act of self-dealing as defined in section 4941 (d) of the internal revenue code;    Shall not retain any excess business holdings as defined in section 4943 (c) of the internal revenue code;    Shall not make any investments that would subject the nonprofit corporation to taxation under section 4944 of the internal revenue code;    Shall not make any taxable expenditures as defined in section 4945 (d) of the internal revenue code.        (a) Shall distribute such amounts for each taxable year at such time and in such manner as not to subject the nonprofit corporation to tax under section 4942 of the internal revenue code;   History. Source: L. 97: Entire article added, p. 658, § 3, effective July 1, 1998. L. 98: (1)(d) amended, p. 623, § 25, effective July 1.
CO Code § 7-126-101 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 1 - Admission of Members and Liability to Third Parties|§ 7-126-101. No Requirement of Members

 A nonprofit corporation is not required to have members.   History. Source: L. 97: Entire article added, p. 671, § 3, effective July 1, 1998.
CO Code § 7-126-102 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 1 - Admission of Members and Liability to Third Parties|§ 7-126-102. Admission

  The bylaws may establish criteria or procedures for admission of members.    No person shall be admitted as a member without such person's consent.    A nonprofit corporation may issue certificates evidencing membership therein.     History. Source: L. 97: Entire article added, p. 671, § 3, effective July 1, 1998.
CO Code § 7-126-103 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 1 - Admission of Members and Liability to Third Parties|§ 7-126-103. Liability to Third Parties

 The directors, officers, employees, and members of a nonprofit corporation are not, as such, personally liable for the acts, debts, liabilities, or obligations of a nonprofit corporation.   History. Source: L. 97: Entire article added, p. 671, § 3, effective July 1, 1998.    ANNOTATION   Members of a nonprofit corporation may not be held liable for the corporation's tortious acts or breaches of contract merely by virtue of their membership or management authority in the corporation. Krystkowiak v. W.O. Brisben Cos., 90 P.3d 859 (Colo. 2004).   Under the default governance structure of the Nonprofit Corporation Act (NCA), petitioner is not bound by agreement entered into by respondent real estate developer and neighborhood association of which petitioner was a member, and petitioner fits none of the enumerated exceptions to the general rule of limited liability of members of a nonprofit corporation for contracts entered into by the corporation. Petitioner did not treat the neighborhood association as his or her alter ego, nor did he or she owe money to it. Petitioner did not enter into a contract purporting to act as or on behalf of the neighborhood association, did not expressly become a party to the agreement, and specifically refused to sign it. Krystkowiak v. W.O. Brisben Cos., 90 P.3d 859 (Colo. 2004).   Default structure established by the NCA controls, and the signature of settlement agreement with respondent real estate developer by one member of neighborhood association, its president, insufficient to bind its members, including petitioner. The articles of incorporation and bylaws of the neighborhood association do not deviate from the NCA in terms of the rights and duties of its members. The articles of incorporation and bylaws contain no provisions either binding a member by a contract signed by the neighborhood association or stating that the association's members have authorized it to represent their individual interests. Krystkowiak v. W.O. Brisben Cos., 90 P.3d 859 (Colo. 2004).
CO Code § 7-126-104 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 1 - Admission of Members and Liability to Third Parties|§ 7-126-104. Consideration

 Unless otherwise provided by the bylaws, a nonprofit corporation may admit members for no consideration or for such consideration as is determined by the board of directors.   History. Source: L. 97: Entire article added, p. 671, § 3, effective July 1, 1998.
CO Code § 7-126-201 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 2 - Types of Memberships - Members' Rights and Obligations|§ 7-126-201. Differences in Rights and Obligations of Members

  Unless otherwise provided by articles 121 to 137 of this title or the bylaws:   All voting members shall have the same rights and obligations with respect to voting and all other matters that articles 121 to 137 of this title specifically reserve to voting members; and    With respect to matters not so reserved, all members, including voting members, shall have the same rights and obligations.        History. Source: L. 97: Entire article added, p. 671, § 3, effective July 1, 1998.
CO Code § 7-126-202 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 2 - Types of Memberships - Members' Rights and Obligations|§ 7-126-202. Transfers

  Unless otherwise provided by the bylaws, no member of a nonprofit corporation may transfer a membership or any right arising therefrom.    Where transfer rights have been provided, no restriction on them shall be binding with respect to a member holding a membership issued prior to the adoption of the restriction unless the restriction is approved by the affected member.     History. Source: L. 97: Entire article added, p. 671, § 3, effective July 1, 1998.
CO Code § 7-126-203 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 2 - Types of Memberships - Members' Rights and Obligations|§ 7-126-203. Creditor's Action Against Member

 No proceeding may be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless final judgment has been rendered in favor of the creditor against the nonprofit corporation and execution has been returned unsatisfied in whole or in part or unless such proceeding would be useless.   History. Source: L. 97: Entire article added, p. 672, § 3, effective July 1, 1998.
CO Code § 7-126-301 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 3 - Resignation and Termination|§ 7-126-301. Resignation

  Unless otherwise provided by the bylaws, a member may resign at any time.    The resignation of a member does not relieve the member from any obligations the member may have to the nonprofit corporation as a result of obligations incurred or commitments made prior to resignation.     History. Source: L. 97: Entire article added, p. 672, § 3, effective July 1, 1998.
CO Code § 7-126-302 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 3 - Resignation and Termination|§ 7-126-302. Termination, Expulsion, or Suspension

  Unless otherwise provided by the bylaws, no member of a nonprofit corporation may be expelled or suspended, and no membership or memberships in such nonprofit corporation may be terminated or suspended except pursuant to a procedure that is fair and reasonable and is carried out in good faith.    For purposes of this section, a procedure is fair and reasonable when either:   The bylaws or a written policy of the board of directors state a procedure that provides:   Not less than fifteen days prior written notice of the expulsion, suspension, or termination and the reasons therefor; and    An opportunity for the member to be heard, orally or in writing, not less than five days before the effective date of the expulsion, suspension, or termination by a person or persons authorized to decide that the proposed expulsion, termination, or suspension not take place; or       It is fair and reasonable taking into consideration all of the relevant facts and circumstances.       For purposes of this section, any written notice given by mail must be given by first-class or certified mail sent to the last address of the member shown on the nonprofit corporation's records.    Unless otherwise provided by the bylaws, any proceeding challenging an expulsion, suspension, or termination, including a proceeding in which defective notice is alleged, must be commenced within one year after the effective date of the expulsion, suspension, or termination.    Unless otherwise provided by the bylaws, a member who has been expelled or suspended may be liable to the nonprofit corporation for dues, assessments, or fees as a result of obligations incurred or commitments made prior to expulsion or suspension.     History. Source: L. 97: Entire article added, p. 672, § 3, effective July 1, 1998. L. 2003: IP(2)(a) amended, p. 2337, § 290, effective July 1, 2004.    ANNOTATION   Where the nonprofit corporation is a church, a civil court has no authority to reverse the church's decision, no matter how arbitrary or unfair, to expel a member. Levitt v. Calvary Temple of Denver, 33 P.3d 1227 (Colo. App. 2001).
CO Code § 7-126-303 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 3 - Resignation and Termination|§ 7-126-303. Purchase of Memberships

 Unless otherwise provided by the bylaws, a nonprofit corporation shall not purchase the membership of a member who resigns or whose membership is terminated. If so authorized, a nonprofit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions stated in or authorized by its bylaws. No payment shall be made in violation of article 133 of this title.   History. Source: L. 97: Entire article added, p. 673, § 3, effective July 1, 1998. L. 2003: Entire section amended, p. 2338, § 291, effective July 1, 2004.
CO Code § 7-126-304 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 3 - Resignation and Termination|§ 7-126-304. Residential Membership - Return of Consideration - Cessation of Periodic Payments - Time Limits - Effective Date

  Notwithstanding any provision of the articles of incorporation or bylaws to the contrary:     A residential nonprofit corporation shall refund the entrance fee of a residential member to the member or his or her heirs within ninety days after a transfer of the residential membership. (a) (I) A residential nonprofit corporation shall refund the entrance fee of a residential member to the member or his or her heirs within ninety days after a transfer of the residential membership.    (A) This paragraph (a) applies only to contracts entered into on or after March 11, 2011.       (Deleted by amendment, L. 2012.)        History. Source: L. 2011: Entire section added, (HB 11-1110), ch. 22, p. 55, § 2, effective March 11; (1)(a) amended, (HB 11-1324), ch. 268, p. 1222, § 1, effective June 2. L. 2012: (1) amended, (SB 12-024), ch. 39, p. 137, § 1, effective March 22.
CO Code § 7-126-401 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 4 - Derivative Suits|§ 7-126-401. Derivative Suits

  Without affecting the right of a member or director to bring a proceeding against a nonprofit corporation or its officers or directors, a proceeding may be brought in the right of a nonprofit corporation to procure a judgment in its favor by:   Any voting member or voting members having five percent or more of the voting power; or    Any director.       In any such proceeding, each complainant shall be a voting member or director at the time of bringing the proceeding.    A complaint in a proceeding brought in the right of a nonprofit corporation must be verified and allege with particularity the demand made, if any, to obtain action by the directors and either why the complainants could not obtain the action or why they did not make the demand. If a demand for action was made and the nonprofit corporation's investigation of the demand is in progress when the proceeding is filed, the court may stay the suit until the investigation is completed.    In any action instituted in the right of a nonprofit corporation by one or more voting members, the court having jurisdiction over the matter may, at any time before final judgment, require the plaintiff to give security for the costs and reasonable expenses that may be directly attributable to and incurred by the nonprofit corporation in the defense of such action or may be incurred by other parties named as defendant for which the nonprofit corporation may become legally liable, but not including fees of attorneys. The amount of such security may from time to time be increased or decreased, in the discretion of the court, upon showing that the security provided has or may become inadequate or is excessive. If the court finds that the action was commenced without reasonable cause, the nonprofit corporation shall have recourse to such security in such amount as the court shall determine upon the termination of such action.    No action shall be commenced in this state by a member of a foreign nonprofit corporation in the right of a foreign nonprofit corporation unless such action is permitted by the law of the state under which such foreign nonprofit corporation is incorporated.     History. Source: L. 97: Entire article added, p. 673, § 3, effective July 1, 1998. L. 2003: (5) amended, p. 2338, § 292, effective July 1, 2004.
CO Code § 7-126-501 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 126 - Members and Memberships|Part 5 - Delegates|§ 7-126-501. Delegates

  A nonprofit corporation may provide in its bylaws for delegates having some or all of the authority of members.    The bylaws may state provisions relating to:   The characteristics, qualifications, rights, limitations, and obligations of delegates, including their selection and removal;    Calling, noticing, holding, and conducting meetings of delegates; and    Carrying on corporate activities during and between meetings of delegates.        History. Source: L. 97: Entire article added, p. 674, § 3, effective July 1, 1998. L. 2003: IP(2) amended, p. 2338, § 293, effective July 1, 2004.
CO Code § 7-127-101 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 127 - Members' Meetings and Voting|Part 1 - Meetings|§ 7-127-101. Annual and Regular Meetings

  Unless the bylaws eliminate the requirement for holding an annual meeting, a nonprofit corporation that has voting members shall hold a meeting of the voting members annually at a time stated in or fixed in accordance with the bylaws, or, if not so fixed, at a time and date stated in or fixed in accordance with a resolution of the board of directors.    A nonprofit corporation with members may hold regular membership meetings at a time and date stated in or fixed in accordance with the bylaws, or, if not so fixed, at a time and date stated in or fixed in accordance with a resolution of the board of directors.    Annual and regular membership meetings may be held in or out of this state at the place stated in or fixed in accordance with the bylaws, or, if not so stated or fixed, at a place stated or fixed in accordance with a resolution of the board of directors. If no place is so stated or fixed, annual and regular meetings shall be held at the nonprofit corporation's principal office.    The failure to hold an annual or regular meeting at the time and date determined pursuant to subsection (1) of this section does not affect the validity of any corporate action and does not work a forfeiture or dissolution of the nonprofit corporation.     History. Source: L. 97: Entire article added, p. 674, § 3, effective July 1, 1998.
CO Code § 7-127-102 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 127 - Members' Meetings and Voting|Part 1 - Meetings|§ 7-127-102. Special Meeting

  A nonprofit corporation shall hold a special meeting of its members:   On call of its board of directors or the person or persons authorized by the bylaws or resolution of the board of directors to call such a meeting; or    Unless otherwise provided by the bylaws, if the nonprofit corporation receives one or more written demands for the meeting, stating the purpose or purposes for which it is to be held, signed and dated by members holding at least ten percent of all the votes entitled pursuant to the bylaws to be cast on any issue proposed to be considered at the meeting.       If not otherwise fixed under section 7-127-103 or 7-127-106, the record date for determining the members entitled to demand a special meeting pursuant to paragraph (b) of subsection (1) of this section is the date of the earliest of any of the demands pursuant to which the meeting is called, or the date that is sixty days before the date the first of such demands is received by the nonprofit corporation, whichever is later.    If a notice for a special meeting demanded pursuant to paragraph (b) of subsection (1) of this section is not given pursuant to section 7-127-104 within thirty days after the date the written demand or demands are delivered to a corporate officer, regardless of the requirements of subsection (4) of this section, a person signing the demand or demands may set the time and place of the meeting and give notice pursuant to section 7-127-104.    Special meetings of the members may be held in or out of this state at the place stated in or fixed in accordance with the bylaws, or, if not so stated or fixed, at a place stated or fixed in accordance with a resolution of the board of directors. If no place is so stated or fixed, special meetings shall be held at the nonprofit corporation's principal office.    Unless otherwise provided by the bylaws, only business within the purpose or purposes described in the notice of the meeting required by section 7-127-104 (3) may be conducted at a special meeting of the members.     History. Source: L. 97: Entire article added, p. 675, § 3, effective July 1, 1998.