Colorado § 7-126-304 - Residential membership - return of consideration - cessation of periodic payments - time limits - effective date.
Full text of Colorado Colorado Revised Statutes § 7-126-304 — Residential membership - return of consideration - cessation of periodic payments - time limits - effective date., with citation guidance and answers to common questions.
§ 7-126-304. Residential membership - return of consideration - cessation of periodic payments - time limits - effective date.
(1) Notwithstanding any provision of the articles of incorporation or bylaws to the contrary:
(a) (I) A residential nonprofit corporation shall refund the entrance fee of a residential member to the member or his or her heirs within ninety days after a transfer of the residential membership.
(II) (A) This paragraph (a) applies only to contracts entered into on or after March 11, 2011.
(B) (Deleted by amendment, L. 2012.)
(b) (Deleted by amendment, L. 2012.)
Source: L. 2011: Entire section added, (HB 11-1110), ch. 22, p. 55, § 2, effective March 11; (1)(a) amended, (HB 11-1324), ch. 268, p. 1222, § 1, effective June 2. L. 2012: (1) amended, (SB 12-024), ch. 39, p. 137, § 1, effective March 22.
PART 4
DERIVATIVE SUITS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-126-304
What does Colorado Revised Statutes § 7-126-304 cover?
Section 7-126-304 ("Residential membership - return of consideration - cessation of periodic payments - time limits - effective date.") 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 § 7-126-304?
A common citation format is "Colorado Revised Statutes § 7-126-304" (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 § 7-126-304 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.