Colorado § 7-101-508 - Actions to enforce requirements of section 7-101-506 (1).
Full text of Colorado Colorado Revised Statutes § 7-101-508 — Actions to enforce requirements of section 7-101-506 (1)., with citation guidance and answers to common questions.
§ 7-101-508. Actions to enforce requirements of section 7-101-506 (1).
(1) Any action to enforce the requirements of section 7-101-506 (1), including any individual, derivative, or other type of action, may not be brought unless the parties bringing the action own, individually or collectively, as of the date of instituting the action, either:
(a) At least two percent of the corporation's outstanding shares; or
(b) In the case of a corporation with shares listed on a national securities exchange:
(I) Two percent of the corporation's outstanding shares; or
(II) Shares of the corporation with a market value of at least two million dollars.
(2) This section does not relieve the parties bringing an action described in subsection (1) of this section from complying with other conditions applicable to a derivative action, including any rules of the court in which the action is filed.
Source: L. 2013: Entire part added, (HB 13-1138), ch. 230, p. 1103, § 1, effective April 1, 2014. L. 2022: Entire section amended, (SB 22-045), ch. 33, p. 184, § 3, effective August 10.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-101-508
What does Colorado Revised Statutes § 7-101-508 cover?
Section 7-101-508 ("Actions to enforce requirements of section 7-101-506 (1).") 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 § 7-101-508?
A common citation format is "Colorado Revised Statutes § 7-101-508" (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 § 7-101-508 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.