When the term of years for which any corporation has been incorporated as a ditch company for the purpose of carrying water for irrigation purposes or as a reservoir company for the storage of water for irrigation purposes has expired or is about to expire by lawful limitation, and such corporation has not been administered upon as an expired corporation or gone into liquidation and settlement and division of its affairs, it may have its term of incorporation extended and continued the same as if originally incorporated, as provided in section 7-42-112.
Source: L. 1891: p. 96, § 1. R.S. 08: § 996. C.L. § 2363. CSA: C. 41, § 151. CRS 53: § 31-14-11. C.R.S. 1963: § 31-14-11.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 42 - Ditch and Reservoir Companies
§ 7-42-101. Additional Statements in Certificates - Mutual Ditch Corporation Shares
§ 7-42-101.5. Acequia Ditch Corporation - Definition - Powers
§ 7-42-102. Work After Organization
§ 7-42-104. Assessment on Stock
§ 7-42-105. Right to Purchase Own Stock
§ 7-42-106. Assessments to Pay Purchase Price
§ 7-42-107. Shall Furnish Water to Whom - Rate
§ 7-42-108. Shall Keep Ditch in Repair
§ 7-42-109. Penalty for Damage
§ 7-42-109. Penalty for Damage
§ 7-42-112. Procedure to Extend Term
§ 7-42-113. Duplicate Certificate Issued - When
§ 7-42-115. Publication of Notice of Demand
§ 7-42-116. Duplicate Conclusive Against Original
§ 7-42-117. Proof of Right to Certificate
§ 7-42-118. Liability of Stockholders, Directors, and Officers