Colorado § 7-51-106 - Shares of stock.
Full text of Colorado Colorado Revised Statutes § 7-51-106 — Shares of stock., with citation guidance and answers to common questions.
§ 7-51-106. Shares of stock.
The shares of stock shall not be less than ten dollars nor more than one hundred dollars each and shall be deemed personal property and transferable as such in the manner provided by the bylaws. Subscriptions therefor shall be made payable in such installments and at such time as shall be determined by the directors, trustees, or other similar officers. The bylaws may provide for a forfeiture or sale of stock on failure to pay the installments or assessments that may from time to time become due; but no forfeiture of stock or of the amounts paid thereon shall be declared against any estate or stockholder before demand has been made for the amount due.
Source: L. 1879: p. 35, § 6. G.S. § 389. R.S. 08: § 1039. C.L. § 2405. CSA: C. 41, § 202. CRS 53: § 31-22-6. C.R.S. 1963: § 31-21-6.
ANNOTATION
The stock in ditch companies is personal property and subject to execution and sale the same as other personal property. Conway v. John, 14 Colo. 30, 23 P. 170 (1890); Strickler v. City of Colo. Springs, 16 Colo. 61, 26 P. 313 (1891); Struby-Estabrook Mercantile Co. v. Davis, 18 Colo. 93, 31 P. 495 (1892).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-51-106
What does Colorado Revised Statutes § 7-51-106 cover?
Section 7-51-106 ("Shares of stock.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-51-106?
A common citation format is "Colorado Revised Statutes § 7-51-106" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-51-106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.