The articles or bylaws must establish the amount, manner, or method of determining any contribution requirements for members or must authorize the board of directors to establish the amount, manner, or other method of determining any contribution requirements for members.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 798, § 1, effective April 2, 2012.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 58 - Uniform Limited Cooperative Association Act
Part 10 - Contributions, Allocations, and Distributions
§ 7-58-1001. Members' Contributions
§ 7-58-1002. Contribution and Valuation
§ 7-58-1003. Contribution Agreements
§ 7-58-1004. Allocations of Profits and Losses
§ 7-58-1006. Redemption or Repurchase
§ 7-58-1007. Limitation on Distributions
§ 7-58-1008. Liability for Improper Distributions - Limitation of Action
§ 7-58-1009. Relation to State Securities Law
§ 7-58-1010. Alternative Distribution of Unclaimed Property, Distributions, Redemptions, or Payments