Unless the articles or bylaws otherwise require a different number of members or percentage of the voting power, a quorum for conducting business at all meetings of the members consists of five percent of the total number of members or thirty members present at the meeting, whichever is less. Nothing prevents the articles or bylaws from requiring a greater or lesser number or percentage of members, or members of classes, districts, or voting groups as a quorum.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 783, § 1, effective April 2, 2012.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 58 - Uniform Limited Cooperative Association Act
§ 7-58-503. No Power as Member to Bind Association
§ 7-58-504. No Liability as Member for Association's Obligations
§ 7-58-505. Right of Member and Former Member to Information
§ 7-58-506. Annual Meeting of Members
§ 7-58-507. Special Meeting of Members
§ 7-58-508. Notice of Members Meeting
§ 7-58-509. Waiver of Members Meeting Notice
§ 7-58-511. Voting by Patron Members
§ 7-58-512. Determination of Voting Power of Patron Member
§ 7-58-513. Voting by Investor Members
§ 7-58-514. Voting Requirements for Members