reglab/housing_qa huggingface dataset:
CO Code § 7-56-716 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-716. Receivership or Custodianship

  A court in a proceeding to dissolve a cooperative may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage the business and affairs, of the cooperative. The court shall hold a hearing, after giving notice to all parties to the proceeding and any interested persons designated by the court, before appointing a receiver or custodian pursuant to this section. The court appointing a receiver or custodian has exclusive jurisdiction over the cooperative and all of its property, wherever located.    The court may appoint an individual, a domestic entity, or a foreign entity or other entity authorized to transact business or conduct activities in this state as a receiver or custodian. The court may require the receiver or custodian to post bond, with or without sureties, in an amount the court directs.    The court shall describe the powers and duties of the receiver or custodian in its appointing order, which may be amended from time to time. Among other powers:   The receiver may:   Dispose of all or any part of the property of the cooperative, wherever located, at a public or private sale, if authorized by the court; and    Sue and defend in the receiver's own name as receiver of the cooperative in all courts; or       The custodian may exercise all of the powers of the cooperative, through or in place of its board or officers, to the extent necessary to manage the affairs of the cooperative in the best interests of its members and creditors.       The court, during a receivership, may redesignate the receiver as custodian, and during a custodianship may redesignate the custodian as receiver if doing so is in the best interests of the cooperative and its members and creditors.    The court from time to time during the receivership or custodianship may order compensation paid and expense disbursements or reimbursements made to the receiver or custodian and such person's counsel from the assets of the cooperative or proceeds from the sale of the assets.     History. Source: L. 96: Entire article R&RE, p. 533, § 1, effective July 1. L. 2003: (1) and (2) amended, p. 2235, § 108, effective July 1, 2004. L. 2004: (1) amended, p. 1421, § 66, effective July 1.
CO Code § 7-56-717 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-717. Decree of Dissolution

  If after a hearing the court determines that one or more grounds for judicial dissolution described in section 7-56-714 exist, it may enter a decree dissolving the cooperative 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, who shall file it 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 cooperative's business and activities in accordance with section 7-56-705 or 7-56-716 and the giving of notice to the cooperative's registered agent, or to the secretary of state if it has no registered agent, and to claimants in accordance with sections 7-90-911 and 7-90-912.    The assets of the dissolved cooperative, after payment of administrative expenses, shall be distributed in accordance with the provisions of section 7-56-705.    The court's order or decision may be appealed as in other civil proceedings.     History. Source: L. 96: Entire article R&RE, p. 533, § 1, effective July 1. L. 2002: (1) amended, p. 1820, § 32, effective July 1; (1) amended, p. 1684, § 30, effective October 1. L. 2003: (1) and (2) amended, p. 2235, § 109, effective July 1, 2004. L. 2006: (2) amended, p. 849, § 7, effective July 1.
CO Code § 7-56-718 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 7 - Dissolution|§ 7-56-718. Certain Assignments of Assets in Dissolution

 In the winding up of the affairs of a cooperative when certain assets are not liquid and secured creditors having claim on these assets have been satisfied, the trustees in liquidation or other persons charged with winding up the cooperative's affairs are authorized to make assignment of such assets to the unsecured creditors in settlement of their claims. If assignment is refused in writing, and in the judgment of the trustees there is no liquidity or market value and the costs involved in delaying the winding up of the affairs of the cooperative exceed the potential benefits, the trustees are authorized to assign the assets or future proceeds to any local or statewide nonprofit organization that has as one of its principal purposes education or community service. The trustees shall under no circumstances be liable to any member or equity holder in the cooperative for any claim on any assets assigned by the trustees pursuant to the authority of this section.   History. Source: L. 96: Entire article R&RE, p. 534, § 1, effective July 1.
CO Code § 7-56-801 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 8 - Foreign Cooperatives|§ 7-56-801. Authority to Transact Business or Conduct Activities Required

 Part 8 of article 90 of this title, providing for the transaction of business or the conduct of activities by foreign entities, applies to foreign cooperatives.   History. Source: L. 2003: Entire part R&RE, p. 2235, § 110, effective July 1, 2004.
CO Code § 7-56-802 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 8 - Foreign Cooperatives|§ 7-56-802. Registered Agent - Service of Process

 Part 7 of article 90 of this title, providing for registered agents and service of process, applies to foreign cooperatives.   History. Source: L. 2003: Entire part R&RE, p. 2236, § 110, effective July 1, 2004.
CO Code § 7-56-901 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 56 - Cooperatives|Part 9 - Transition Provisions|§ 7-56-901. Application to Existing Cooperatives

  A domestic corporation, association, or cooperative formed under this article before July 1, 1996, shall be governed by the provisions of this article.    A cooperative formed under article 57 of this title before July 1, 1996, until it elects to be governed by the provisions of this article pursuant to section 7-56-205, shall be deemed to have been formed under, and shall be governed by, the provisions of article 55 of this title as in effect immediately prior to July 1, 1996.     History. Source: L. 96: Entire article R&RE, p. 542, § 1, effective July 1. L. 2003: (2) amended, p. 2236, § 111, effective July 1, 2004.
CO Code § 7-58-101 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-101. Short Title

 This article shall be known and may be cited as the “Colorado Uniform Limited Cooperative Association Act”.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 761, § 1, effective April 2, 2012.
CO Code § 7-58-103 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-103. Reservation of Power to Amend or Repeal

 The general assembly has the power to amend or repeal all or part of this article at any time, and all domestic and foreign limited cooperative associations subject to this article shall be governed by the amendment or repeal.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 764, § 1, effective April 2, 2012.
CO Code § 7-58-104 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-104. Nature of Limited Cooperative Association

  A limited cooperative association organized under this article is an autonomous, unincorporated association of persons united to meet their mutual interests through a jointly owned enterprise primarily controlled by those persons, the patronage of which is carried on for the mutual benefit of the patron members and that permits combining:   Ownership, financing, and receipt of benefits by the patron members for whose patronage the association is formed; and    Separate investments in the association by investor members who invest in the limited cooperative association and may receive returns on their investments and a share of control.       The fact that a limited cooperative association does not have more than one of the characteristics described in paragraph   of subsection (1) of this section or any of the characteristics described in paragraph (b) of subsection (1) of this section does not alone prevent the association from being formed under and governed by this article, nor does it alone provide a basis for an action against the association or a member.       The relations between a limited cooperative association and its members are consensual and contractual. Unless required, limited, or prohibited by this article or other applicable law, the articles and bylaws of an association may provide for any matter concerning the relations among the members of the association and between the members and the association, the activities of the association, and the conduct of its activities.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 764, § 1, effective April 2, 2012.
CO Code § 7-58-105 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-105. Purpose of Limited Cooperative Association

  A limited cooperative association is an entity distinct from its members.    A limited cooperative association may be organized for any lawful purpose, whether or not for profit.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 764, § 1, effective April 2, 2012.
CO Code § 7-58-107 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-107. Governing Law

  The law of this state governs:   The internal affairs of a limited cooperative association; and    The liability of a member as member and a director as director for the debts, obligations, or other liabilities of a limited cooperative association.        History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 766, § 1, effective April 2, 2012.
CO Code § 7-58-108 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-108. Supplemental Principles of Law

 Unless displaced by particular provisions of this article, the principles of law and equity supplement this article.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 766, § 1, effective April 2, 2012.
CO Code § 7-58-109 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-109. Requirements of Other Laws

  This article does not alter or amend any law that governs the licensing and regulation of an individual or entity in carrying on a specific business or profession even if that law permits the business or profession to be conducted by a limited cooperative association, a foreign cooperative, or its members.    A limited cooperative association shall not conduct an activity that, under the law of this state other than this article, may be conducted only by an entity that meets specific requirements for the internal affairs of that entity unless the articles or bylaws of the association conform to those requirements.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 766, § 1, effective April 2, 2012.
CO Code § 7-58-110 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-110. Relation to Restraint of Trade and Antitrust Law

 No limited cooperative association formed under or subject to this article shall, solely by its organization and existence, be deemed to be a conspiracy or a combination in restraint of trade, an illegal monopoly, or an attempt to lessen competition or to fix prices arbitrarily, nor shall the marketing or purchasing contracts and agreements authorized in this article be considered illegal as such, in unlawful restraint of trade, or as part of a conspiracy or combination to accomplish an improper or illegal purpose.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 766, § 1, effective April 2, 2012.
CO Code § 7-58-111 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-111. Name

  Use of the term “cooperative” or its abbreviation under this article or section 7-90-601 is not a violation of the provisions restricting the use of the term under section (7)(a).    A limited cooperative association or a member may enforce the restrictions on the use of the term “cooperative” under section 7-90-601 (7).     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 767, § 1, effective April 2, 2012.
CO Code § 7-58-112 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-112. Required Information

  Subject to subsection (2) of this section, a limited cooperative association shall maintain in a record available at its principal office:   A list containing the name, last-known street address and, if different, mailing address, and term of office of each director and officer;    The initial articles and all amendments to and restatements of the articles;    The initial bylaws and all amendments to and restatements of the bylaws;    All filed statements of merger and statements of conversion;    All annual financial statements of the association for the three most recent fiscal years;    The minutes of members meetings and records of all action taken by members without a meeting for the three most recent years;    A list containing:   The name, in alphabetical order, and last-known street address and, if different, mailing address of each patron member and each investor member; and    If the association has districts or classes of members, information from which each member in a district or class may be identified;       The federal income tax returns and any state and local income tax returns of the association for the three most recent years;    Accounting records maintained by the association in the ordinary course of its operations for the three most recent years;    The minutes of all directors meetings and records of all action taken by directors without a meeting for the three most recent years;    The amount of money contributed and agreed to be contributed by each member;    A description and statement of the agreed value of contributions other than money made and agreed to be made by each member;    The times at which, or events on the happening of which, any additional contribution is to be made by each member;    For each member, a description and statement of the member's interest or information from which the description and statement can be derived; and    All communications concerning the association made in a record to all members, or to all members in a district or class, for the three most recent years.       If a limited cooperative association has existed for less than the period for which records must be maintained under subsection (1) of this section, the period for which records must be kept is the period of the association's existence.    The articles or bylaws may require that more information be maintained.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 767, § 1, effective April 2, 2012.
CO Code § 7-58-113 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-113. Business Transactions of Member With Limited Cooperative Association

 Subject to sections 7-58-818 and 7-58-819 and except as otherwise provided in the articles or bylaws or a specific contract relating to a transaction, a member may lend money to and transact other business with a limited cooperative association in the same manner as a person that is not a member.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 768, § 1, effective April 2, 2012.
CO Code § 7-58-114 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|§ 7-58-114. Dual Capacity

 A person may have a patron member's interest and an investor member's interest. When such person acts as a patron member, the person is subject to this article and the articles and bylaws governing patron members. When such person acts as an investor member, the person is subject to this article and the articles and bylaws governing investor members.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 768, § 1, effective April 2, 2012.
CO Code § 7-58-201 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 2 - Registered Agents, Filing, Annual Reports, and Statement of Foreign Entity Authority|§ 7-58-201. Limited Cooperative Associations - Registered Agents - Service of Process - Annual Reports

  Part 7 of article 90 of this title, providing for registered agents and service of process, applies to limited cooperative associations formed under this article.    Part 5 of article 90 of this title, providing for periodic reports, applies to limited cooperative associations formed under this article.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 768, § 1, effective April 2, 2012.
CO Code § 7-58-202 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 58 - Uniform Limited Cooperative Association Act|Part 2 - Registered Agents, Filing, Annual Reports, and Statement of Foreign Entity Authority|§ 7-58-202. Foreign Entity Authority

 Part 8 of article 90 of this title, providing for the transaction of business or the conduct of activities by foreign entities, applies to foreign limited cooperative associations formed under substantially similar laws of another jurisdiction.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 769, § 1, effective April 2, 2012.
CO Code § 7-58-301 (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|§ 7-58-301. Organizers

 A limited cooperative association must be organized by one or more organizers.   History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 769, § 1, effective April 2, 2012.
CO Code § 7-58-302 (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|§ 7-58-302. Formation of Limited Cooperative Association

  To form a limited cooperative association, one or more organizers of the association shall deliver or cause to be delivered articles to the secretary of state for filing.    A limited cooperative association is formed after articles that substantially comply with section 7-58-303 (1) become effective under section 7-90-304.    If articles filed by the secretary of state state a delayed effective date, a limited cooperative association is not formed if, before the articles take effect, a statement of correction is filed pursuant to section 7-90-304 (3) that revokes the articles.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 769, § 1, effective April 2, 2012.
CO Code § 7-58-303 (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|§ 7-58-303. Articles

  The articles shall state:   The domestic entity name of the limited cooperative association;    The purposes for which the limited cooperative association is formed, which may be for any lawful purpose;    The registered agent name and registered agent address of the association's initial registered agent;    The street address and, if different, mailing address of the association's initial principal office; and    The true name and street address and, if different, mailing address of each organizer.       The articles may contain any other provisions in addition to those required by subsection (1) of this section, including any matters referred to in subsection (3) of this section, section 7-58-305 (1), or section 7-58-305 (3).    The matters referred to in this subsection (3) may be varied only in the articles. The articles may:   State a term of duration, less than perpetual, of the limited cooperative association under section 7-58-106 (1);    Limit or eliminate the acceptance of new or additional members by the initial board of directors under section 7-58-304 (2);    Vary the percentage of votes required for members to approve an amendment to the articles under section 7-58-405;    Vary the limitations on the obligations and liability of members for association obligations under section 7-58-504;    Require a notice of an annual members meeting to state a purpose of the meeting under section 7-58-508 (2);    Provide for less than unanimous consent to action by members without a members meeting under section 7-58-516 (1)(a);    Vary the matters the board of directors may consider in making a decision under section 7-58-820;    Specify causes of dissolution under section 7-58-1202 (1);    Delegate amendment of the bylaws to the board of directors pursuant to section 7-58-405 (6);    Provide for member approval of asset dispositions under section 7-58-1501;    Subject to section 7-58-820, provide for the elimination or limitation of liability of a director to the association or its members for money damages pursuant to section 7-58-818; and    Provide for permitting or requiring indemnification under section 7-58-901 (1).        History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 769, § 1, effective April 2, 2012.
CO Code § 7-58-304 (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|§ 7-58-304. Organization of Limited Cooperative Association

  After a limited cooperative association is formed:   If initial directors are named in the articles, the initial directors shall hold an organizational meeting to adopt initial bylaws and carry on any other business necessary or proper to complete the organization of the association; or    If initial directors are not named in the articles, the organizers shall designate the initial directors and call a meeting of the initial directors to adopt initial bylaws and carry on any other business necessary or proper to complete the organization of the association.       Unless the articles otherwise provide, the initial directors may cause the limited cooperative association to accept members, including those necessary for the association to begin business.    Initial directors need not be members.    An initial director serves until a successor is elected and qualified at a members meeting or the director is removed, resigns, is adjudged incompetent, or dies.     History. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 770, § 1, effective April 2, 2012.