Colorado § 7-56-405 - Removal of director by judicial proceeding.
Full text of Colorado Colorado Revised Statutes § 7-56-405 — Removal of director by judicial proceeding., with citation guidance and answers to common questions.
§ 7-56-405. Removal of director by judicial proceeding.
(1) A director may be removed by the district court for the county in this state in which the street address of the cooperative's principal office is located or, if the cooperative has no principal office in this state, by the district court for the county in which the street address of its registered agent is located or, if the cooperative has no registered agent, by the district court for the city and county of Denver, in a proceeding commenced either by the cooperative or by at least ten percent of the members, if the court finds that the director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion with respect to the cooperative, and that removal is in the best interests of the cooperative.
(2) If the members commence a proceeding under subsection (1) of this section, they shall make the cooperative a party defendant.
(3) The court that removes a director may bar the director from reelection for a period prescribed by the court.
Source: L. 96: Entire article R&RE, p. 504, § 1, effective July 1. L. 2003: (1) amended, p. 2227, § 85, effective July 1, 2004. L. 2004: (1) amended, p. 1414, § 49, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-56-405
What does Colorado Revised Statutes § 7-56-405 cover?
Section 7-56-405 ("Removal of director by judicial proceeding.") 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 § 7-56-405?
A common citation format is "Colorado Revised Statutes § 7-56-405" (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 § 7-56-405 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.