reglab/housing_qa huggingface dataset:
CO Code § 7-56-307 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 3 - Members and Ownership|§ 7-56-307. Inspection of Cooperative Records by Member

  A member is entitled to inspect and copy, at the member's expense, during regular business hours at a reasonable location stated by the cooperative, any of the records described in section 7-56-107 (4) if the member meets the requirements of subsection (2) of this section and gives the cooperative written demand at least five business days before the date on which the member wishes to inspect and copy such records. Notwithstanding the provisions of this subsection (1) or any provisions of section 7-56-107 (4), no member shall have the right to inspect or copy any records of the cooperative relating to the amount of equity capital in the cooperative held by any person or any accounts receivable or other amounts due the cooperative from any person.    To be entitled to inspect and copy permitted records, the member shall meet the following requirements:   The member has been a member for at least one year immediately preceding the demand to inspect or copy or is a member holding at least five percent of all of the outstanding equity interests in the cooperative as of the date the demand is made;    The demand is made in good faith and for a proper corporate business purpose;    The member describes with reasonable particularity the purpose and the records the member desires to inspect; and    The records are directly connected with the described purpose.       The right of inspection granted by this section may not be abolished or limited by the articles, bylaws, or any actions of the board or the members.    This section does not affect:   The right of a member to inspect records to the same extent as any other litigant if the member is in litigation with the cooperative; or    The power of a court to compel the production of the cooperative's records for examination.       Notwithstanding any other provision in this section, if the records of the cooperative to be inspected or copied are in active use or storage and, therefore, not available at the time otherwise provided for inspection or copying, the cooperative shall notify the member of this fact and shall set a date and hour within three business days of the date otherwise set in this section for the inspection or copying.    This section shall not apply to section 7-56-303.     History. Source: L. 96: Entire article R&RE, p. 499, § 1, effective July 1. L. 2003: (1) amended, p. 2226, § 81, effective July 1, 2004.
CO Code § 7-56-308 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 3 - Members and Ownership|§ 7-56-308. Scope of Member's Inspection Right

  A member's agent or attorney has the same inspection and copying rights as the member.    The right to copy records under section 7-56-307 includes, if reasonable, the right to receive copies made by photographic, xerographic copying, or other means.    The cooperative may impose a reasonable charge, covering the costs of labor and material, for copies of any documents provided to the member. The charge may not exceed the estimated cost of production and reproduction of the records.     History. Source: L. 96: Entire article R&RE, p. 500, § 1, effective July 1.
CO Code § 7-56-309 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 3 - Members and Ownership|§ 7-56-309. Court-Ordered Inspection

  If a cooperative refuses to allow a member, or the member's agent or attorney, who complies with section 7-56-307 to inspect or copy any records that the member is entitled to inspect or copy by said section within a prescribed time limit or, if none, within a reasonable time, 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, 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, the district court for the city and county of Denver, may, on application of the member, summarily order the inspection or copying of the records demanded at the cooperative's expense.    If a court orders inspection or copying of the records demanded, unless the cooperative proves that it refused inspection or copying in good faith because it had a reasonable basis for doubt about the right of the member or the member's agent or attorney to inspect or copy the records demanded:   The court may order the losing party to pay the prevailing party's reasonable costs, including reasonable attorney fees;    The court may order the losing party to pay the prevailing party for any damages the prevailing party shall have incurred by reason of the subject matter of the litigation;    If inspection or copying is ordered pursuant to subsection (1) of this section, the court may order the cooperative to pay the member's inspection and copying expenses notwithstanding the provisions of section 7-56-307 (1); and    The court may grant either party any other remedy provided by law.       If a court orders inspection or copying of records demanded, it may impose reasonable restrictions on the use or distribution of the records by the demanding member.     History. Source: L. 96: Entire article R&RE, p. 500, § 1, effective July 1. L. 2003: (1) amended, p. 2226, § 82, effective July 1, 2004.
CO Code § 7-56-401 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 4 - Officers and Elections|§ 7-56-401. Directors - Elections - Remuneration - Vacancy

  The affairs of a cooperative formed under or subject to this article shall be managed by a board of not less than three directors as provided in the articles or bylaws elected by and from the members of the cooperative or designated representatives of members who are not individuals. If authorized by the articles or the bylaws, up to twenty percent of the board may consist of directors who are neither members nor representatives of members. Directors who are not members of the cooperative or representatives of members may be elected by a vote of two-thirds of the cooperative members present and voting. Nominations for the position of director shall be conducted in a manner provided in the bylaws or in a resolution of the board or of the members.    The articles or bylaws may provide that the territory in which the cooperative has members shall be divided into districts and that the directors shall be elected according to such districts, either directly or by district delegates elected by the members in that district. In that case the articles or bylaws shall state the number of directors to be elected by each district and the manner and method of reapportioning the directors and of redistricting the territory covered by the cooperative. The bylaws may provide that primary elections shall be held in each district to elect the directors apportioned to such districts and that the result of all such primary elections shall be ratified at the next regular meeting of the cooperative or be considered final as to the cooperative.    A cooperative may provide a reasonable remuneration for the time actually spent by its officers and directors in its service. No director, during the term of the director's office, shall be a party to a contract for profit with the cooperative differing in any way from the business relations accorded members of the cooperative.    The articles or bylaws may limit directors from occupying any position in the cooperative on a regular salary or substantially full-time pay. The articles or bylaws may provide for an executive committee and may allot to the committee all the functions and powers of the board, subject to the general direction and control of the board.    When a vacancy on the board occurs other than by expiration of term, the remaining members of the board, even though not a quorum, by a majority vote, shall fill the unexpired term, unless the articles or bylaws provide for an election of directors by district, in which event, unless the articles or bylaws provide for a different procedure, the board shall immediately call a special meeting of the members in the district to fill the vacancy.     History. Source: L. 96: Entire article R&RE, p. 501, § 1, effective July 1. L. 2003: (1) and (2) amended, p. 2226, § 83, effective July 1, 2004. L. 2004: (1) amended, p. 1413, § 46, effective July 1.    Editor's note:   This section is similar to former § 7-56-113 as it existed prior to 1996.
CO Code § 7-56-402 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 4 - Officers and Elections|§ 7-56-402. Officers - Titles - Election - Duties and Authority - Removal

     The bylaws shall provide for one or more officers and the titles of those officers. The offices may include a board chair, one or more vice-chairs, a president, one or more vice-presidents, a secretary, a treasurer, and assistant officers or other officers. The officers shall be elected by the board or in any other manner prescribed in the bylaws. At least one officer shall be an individual at least eighteen years of age. At least one officer shall be a member of the board. One individual may simultaneously hold more than one office, but may not concurrently hold the offices of president and secretary.    The bylaws or board of each cooperative shall designate one or more officers responsible for preparing and maintaining the minutes of board and membership meetings and all records required to be kept by section 7-56-107 and for authenticating records.       All officers and agents of the cooperative, as between themselves and the cooperative, shall have such authority and perform such duties in the management of the cooperative as may be provided in the bylaws, or as may be determined by resolution of the board of directors not inconsistent with federal, state, and local law, the articles, and the bylaws.    Unless otherwise provided in the articles or bylaws, the board may remove any officer at any time with or without cause.     History. Source: L. 96: Entire article R&RE, p. 502, § 1, effective July 1. L. 2004: (1)(a) amended, p. 1413, § 47, effective July 1.    Editor's note:   This section is similar to former § 7-56-114 as it existed prior to 1996.
CO Code § 7-56-403 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 4 - Officers and Elections|§ 7-56-403. Procedures for Meetings of the Board of Directors

  The board shall meet at least annually. The board may establish a time and place for regular board meetings and then may hold regular board meetings at such times without notice.    Special meetings of the board shall require at least two days' notice of the date, time, and place. Unless otherwise provided by the articles or bylaws, purposes of a special meeting do not have to be stated in the notice of any special meeting.    A director's attendance at a special meeting constitutes waiver of the notice requirement for that meeting unless the director objects to the lack of or method of notice and does not thereafter participate in the meeting or if notice of the purpose of the meeting was required but not given and the director objects to the transaction of business for that purpose and does not thereafter participate in the meeting with respect to that purpose.    A director is considered to have assented to an action of the board unless:   The director votes against it or abstains and causes the abstention to be recorded in the minutes of the meeting;    The director objects at the beginning of the meeting and does not vote for it later;    The director causes the director's dissent to be recorded in the minutes;    The director does not attend the meeting at which the vote is taken; or    The director gives notice of the director's objection in writing to the secretary within twenty-four hours after the meeting.       Unless otherwise provided by the articles or bylaws:   The board may permit any or all directors to participate in a regular or special meeting through the use of any means of communication by which all directors participating are able to communicate simultaneously with each other during the meeting;    Actions of the board may be taken without a meeting if the action is agreed to by all members of the board and is evidenced by one or more written consents together signed by all directors and filed with the corporate records reflecting the action taken;    Purposes of a special meeting do not have to be stated in the notice of any special meeting, but at least two days' notice of the date, time, and place shall be given.        History. Source: L. 96: Entire article R&RE, p. 502, § 1, effective July 1. L. 2004: (4)(c) and (4)(e) amended, p. 1413, § 48, effective July 1.
CO Code § 7-56-404 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 4 - Officers and Elections|§ 7-56-404. Removal of Director by the Membership or the Board

  At a meeting called expressly for that purpose, as well as any other proper purpose, a director may be removed by the members in the manner provided in this section upon an affirmative vote of a majority of the members present and voting in person or in any other manner authorized by the cooperative pursuant to section 7-56-305 (1) or, if removal of a director is by the board, then by a majority of the members of the board not subject to removal.    The board may remove a director who does not meet the qualifications for board membership stated in the articles and bylaws of the cooperative.    The members may remove one or more directors only for cause unless the articles or bylaws allow directors to be removed without cause.    Removal of directors by the vote of the members shall be initiated by written petition signed by at least ten percent of the members stating the alleged causes or reasons for removing the director. No petition shall seek removal of more than one director.    Within ninety days after receipt of a petition meeting the requirements of subsection (4) of this section, the board shall schedule the removal vote at a regular or special meeting of the membership upon determination by the board, if necessary, that cause has been stated. Any determination of cause shall be made by a majority of the directors not subject to removal petitions. If more than a majority of the board is subject to removal petitions, then the matter shall be promptly referred to an attorney who has been duly licensed to practice law in Colorado for at least five years and who has not previously represented the cooperative. The attorney's determination of whether cause has been stated shall be final for the purpose of whether to schedule a vote on removal.    Any director subject to a removal petition under any provision of this section shall be promptly informed in writing by the board and shall have the opportunity, in person and by counsel, to be heard and present evidence at the meeting called for the vote. The persons seeking removal shall have the same opportunity.     History. Source: L. 96: Entire article R&RE, p. 503, § 1, effective July 1. L. 2003: (2) amended, p. 2227, § 84, effective July 1, 2004.    Editor's note:   This section is similar to former § 7-56-117 as it existed prior to 1996.
CO Code § 7-56-405 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 4 - Officers and Elections|§ 7-56-405. Removal of Director by Judicial Proceeding

  A director may be removed by 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, by 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, by the district court for the city and county of Denver, in a proceeding commenced either by the cooperative or by at least ten percent of the members, if the court finds that the director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion with respect to the cooperative, and that removal is in the best interests of the cooperative.    If the members commence a proceeding under subsection (1) of this section, they shall make the cooperative a party defendant.    The court that removes a director may bar the director from reelection for a period prescribed by the court.     History. Source: L. 96: Entire article R&RE, p. 504, § 1, effective July 1. L. 2003: (1) amended, p. 2227, § 85, effective July 1, 2004. L. 2004: (1) amended, p. 1414, § 49, effective July 1.
CO Code § 7-56-407 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 4 - Officers and Elections|§ 7-56-407. Persons to Be Bonded

 At the discretion of the board of a cooperative, any officer, employee, or agent handling funds or negotiable instruments or property of or for the cooperative may be bonded for the faithful performance of the person's duties and obligations.   History. Source: L. 96: Entire article R&RE, p. 505, § 1, effective July 1.    Editor's note:   This section is similar to former § 7-56-115 as it existed prior to 1996.
CO Code § 7-56-409 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 4 - Officers and Elections|§ 7-56-409. Registered Agent - Service of Process

 Part 7 of article 90 of this title, providing for registered agents and service of process, applies to cooperatives formed under or subject to this article.   History. Source: L. 2003: Entire section added, p. 2227, § 87, effective July 1, 2004.
CO Code § 7-56-505 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 5 - Powers and Purposes: Application of Other Laws|§ 7-56-505. Purchases of Property or Other Interests

 If a cooperative with preferred stock or preferred equity purchases or otherwise acquires any interest in any property, stock, or interest in another entity, it may, with the consent of the person or persons from whom the property or interests are being acquired, discharge the obligations incurred in the purchase or other acquisition, wholly or in part, by exchanging for the acquired property, stock, or interest shares or amounts of its preferred stock or preferred equity in an amount that, at par or stated value, would equal the value of the property, stock, or interest so purchased, as determined by the board. A transfer to the cooperative of the property, stock, or interest purchased or otherwise acquired shall be equivalent to payment in cash for the shares or amounts of preferred stock or preferred equity issued by the cooperative.   History. Source: L. 96: Entire article R&RE, p. 511, § 1, effective July 1.
CO Code § 7-56-506 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 5 - Powers and Purposes: Application of Other Laws|§ 7-56-506. Warehouse Receipts - Interest in Warehouse Entities

 If a cooperative formed under or that has elected to be subject to this article organizes, forms, operates, owns, controls, has an interest in, owns stock of, or is a member of any commodities warehouse, the warehouse may issue legal warehouse receipts to the cooperative against the commodities delivered by it or to any other person, and any legal warehouse receipt shall be considered as adequate collateral to the extent of the usual and current value of the commodity represented by the receipt. If the warehouse is licensed or licensed and bonded under the law of this state, any other state, or the United States, its warehouse receipt delivered to the cooperative on commodities of the cooperative or its members or delivered by the cooperative or its members shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the cooperative.   History. Source: L. 96: Entire article R&RE, p. 511, § 1, effective July 1. L. 2003: Entire section amended, p. 2228, § 90, effective July 1, 2004.    Editor's note:   This section is similar to former § 7-56-125 as existed prior to 1996.   Cross references:   For other duties and liabilities of warehouses, see article 7 of title 4 and part 2 of article 36 of title 35.
CO Code § 7-56-507 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 5 - Powers and Purposes: Application of Other Laws|§ 7-56-507. Application of Other Laws

  If a matter is not addressed in this article, the “Colorado Business Corporation Act”, articles 101 to 117 of this title, shall apply to the cooperatives formed under or subject to this article; except that a cooperative may elect to have the provisions of the “Colorado Revised Nonprofit Corporation Act”, articles 121 to 137 of this title, apply to it if such cooperative does so in its articles or by a resolution of its members that is delivered to the secretary of state for filing pursuant to part 3 of article 90 of this title that states that the cooperative elects to have the provisions of the “Colorado Revised Nonprofit Corporation Act”, articles 121 to 137 of this title, apply to it. A cooperative may revoke such election by amending its articles or by delivering to the secretary of state, for filing pursuant to part 3 of article 90 of this title, a statement of change that states that the cooperative revokes its election to have the provisions of the “Colorado Revised Nonprofit Corporation Act”, articles 121 to 137 of this title, apply to it and that the revocation of such election has been approved by resolution of its members.    Any exemptions under any existing law applying to goods or agricultural products in the possession or under the control of an individual producer shall apply similarly and completely to such goods or products when delivered by its members to, and in the possession or under the control of, the cooperative.     History. Source: L. 96: Entire article R&RE, p. 511, § 1, effective July 1. L. 97: (1) amended, p. 760, § 22, effective July 1, 1998. L. 2002: (1) amended, p. 1818, § 24, effective July 1; (1) amended, p. 1682, § 22, effective October 1. L. 2003: Entire section amended, p. 2228, § 91, effective July 1, 2004.    Editor's note:   This section is similar to former §§ 7-55-116 and 7-56-130 as they existed prior to 1996.