Colorado § 7-40-103 - Contents of certificate or bylaws.
Full text of Colorado Colorado Revised Statutes § 7-40-103 — Contents of certificate or bylaws., with citation guidance and answers to common questions.
§ 7-40-103. Contents of certificate or bylaws.
(1) The certificate of incorporation or bylaws of the corporation shall provide:
(a) The number and term of office of trustees, directors, or managers of the corporation and the manner of their selection or election;
(b) The officers of the corporation and their term of office and the manner of their designation or selection;
(c) The kinds and classes of members and the rights and privileges of each; and
(d) The authority under which conveyance or encumbrance of all or any part of the corporate property may be made, and the persons who are authorized to execute the instruments of conveyance or encumbrance; and, if not contained in the certificate of incorporation or any amendment thereof, a certified copy of this authority shall be recorded in each county in which the corporation owns real estate.
Source: G.L. § 227. G.S. § 370. R.S. 08: § 1016. C.L. § 2382. CSA: C. 41, § 175. L. 51: p. 283, § 3. CRS 53: § 31-20-3. C.R.S. 1963: § 31-19-3. L. 2003: (1)(d) amended, p. 2203, § 5, effective July 1, 2004.
ANNOTATION
Law reviews. For a brief comment on the 1951 amendment to this section, see 28 Dicta 174 (1951).
Nonprofit corporation may sell assets and dissolve by majority vote. Since statutes requiring vote of two-thirds of outstanding authorized voting shares to sell corporation's assets and to adopt resolution of dissolution do not apply to nonprofit corporation, determination of these issues by simple majority vote is valid if in accordance with bylaws of nonprofit corporation. Morris Alpert & Sons v. Kahler, 31 Colo. App. 345, 502 P.2d 98 (1972).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-40-103
What does Colorado Revised Statutes § 7-40-103 cover?
Section 7-40-103 ("Contents of certificate or bylaws.") 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 § 7-40-103?
A common citation format is "Colorado Revised Statutes § 7-40-103" (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 § 7-40-103 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.