Colorado § 10-16-305 - Directors.
Full text of Colorado Colorado Revised Statutes § 10-16-305 — Directors., with citation guidance and answers to common questions.
§ 10-16-305. Directors.
(1) The property and lawful business of every such corporation subject to the provisions of part 1 of this article and this part 3 shall be held and managed by a board of trustees or directors with such powers and authority as shall be necessary or incidental to the complete execution of the purposes of each such corporation as limited by its articles or the bylaws. No such board shall be composed of less than ten nor more than twenty-four members. Every such corporation with annual gross subscription income exceeding one million dollars shall have a majority of its board consisting of persons who are not:
(a) Members of the medical or nursing profession; or
(b) Employed by a hospital or clinic or employed by a corporation subject to part 1 of this article and to this part 3; or
(c) Otherwise directly or indirectly connected with hospitals or licensed health-care institutions or purveyors of health services in this state.
(2) It is the duty of all members of a board of trustees or directors to represent the interests of the subscribers or members of health service plans of such corporation.
(3) Any such corporation subject to the provisions of part 1 of this article and this part 3 shall keep correct and complete books and records of account and shall keep minutes of the proceedings of its board of trustees or directors and committees having authority of the board of trustees, and shall keep at its registered office or principal office in this state a record of the names and addresses of its subscribers or members of the health service plans of such corporation. All books and records, excluding privileged medical records and personal records of subscribers or members, of such corporation may be inspected by any subscriber, or his agent or attorney at the registered or principal office of the corporation, for any proper purpose at any reasonable time.
Source: L. 92: Entire article R&RE, p. 1683, § 1, effective July 1.
Editor's note: This section is similar to former § 10-16-106 as it existed prior to 1992.
Frequently Asked Questions About Colorado § 10-16-305
What does Colorado Revised Statutes § 10-16-305 cover?
Section 10-16-305 ("Directors.") 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 § 10-16-305?
A common citation format is "Colorado Revised Statutes § 10-16-305" (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 § 10-16-305 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.