A director shall be an individual who is eighteen years of age or older. The bylaws may prescribe other qualifications for directors. A director need not be a resident of this state or a shareholder unless the bylaws so prescribe.
Source: L. 93: Entire article added, p. 778, § 1, effective July 1, 1994. L. 2004: Entire section amended, p. 1497, § 251, effective July 1.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 108 - Directors and Officers
§ 7-108-101. Requirement for Board of Directors
§ 7-108-102. Qualifications of Directors
§ 7-108-103. Number and Election of Directors
§ 7-108-104. Election of Directors by Certain Classes of Shareholders
§ 7-108-105. Terms of Directors Generally
§ 7-108-106. Staggered Terms for Directors
§ 7-108-107. Resignation of Directors
§ 7-108-108. Removal of Directors by Shareholders