The business and affairs of a corporation shall be conducted by a board of directors. The number of directors shall be a multiple of three. Two-thirds of the directors shall be elected by the members and one-third shall be elected by the stockholders. Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the stockholders shall be filled by the directors elected by the stockholders.
Source: L. 65: p. 451, § 1. C.R.S. 1963: § 31-23-10.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 48 - Business Development Corporations
§ 7-48-103. Incorporation - Applicability of "Colorado Business Corporation Act"
§ 7-48-104. Domestic Entity Name
§ 7-48-105. Approval of Governor
§ 7-48-106. Restrictions on Powers
§ 7-48-107. Acquisition or Disposition of Securities and Capital Stock
§ 7-48-108. Membership - Loans From Members
§ 7-48-109. Capital Stock - Stockholders and Members
§ 7-48-111. Amendments to Articles of Incorporation