Colorado § 7-50-107 - May take, hold, and convey property.
Full text of Colorado Colorado Revised Statutes § 7-50-107 — May take, hold, and convey property., with citation guidance and answers to common questions.
§ 7-50-107. May take, hold, and convey property.
Domestic and foreign religious, educational, charitable, and literary corporations or associations operating within the state may take by gift, devise, or purchase, and hold and convey real and personal property. All gifts, devises, and grants made prior to March 14, 1877, to such corporations or associations are hereby ratified.
Source: G.L. § 235. G.S. § 378. R.S. 08: § 1024. C.L. § 2390. CSA: C. 41, § 183. CRS 53: § 31-21-7. C.R.S. 1963: § 31-20-7.
ANNOTATION
Law reviews. For article, "Restrictions on Charitable Gifts in Colorado", see 23 Rocky Mt. L. Rev. 434 (1951).
"Formal title" approach to resolving church property disputes. In resolving church property disputes, the appellate court applies the neutral principles approach, specifically the "formal title" approach. On this basis, the court can determine ownership by studying deeds, reverter clauses, and general state corporation laws. Dickey v. Snodgrass, 673 P.2d 51 (Colo. App. 1983).
A library association is educational and therefore within the terms of this section; consequently, it may take property under a will. Tomay v. Crist, 75 Colo. 437, 226 P. 156 (1924).
Foreign corporation may act as trustee of charitable trust. A foreign corporation, if it possesses by the law of its creation the requisite power so to do, may act as trustee of a charitable trust where the subject matter thereof is personalty and may take lands as such trustee where not prohibited by the law of the state wherein the land is located. This section contains no such prohibition; rather, this section on its face is one of authorization to foreign as well as domestic corporations operating within the state. Galiger v. Armstrong, 114 Colo. 397, 165 P.2d 1019 (1946).
Charitable organization may execute charitable trust. A charitable organization, being authorized to take, receive, and hold gifts for charitable purposes, is also capable of executing a charitable trust. Clayton v. Hallett, 30 Colo. 231, 70 P. 429 (1902); In re Estate of Forrester, 86 Colo. 221, 279 P. 721 (1929).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-50-107
What does Colorado Revised Statutes § 7-50-107 cover?
Section 7-50-107 ("May take, hold, and convey property.") 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 § 7-50-107?
A common citation format is "Colorado Revised Statutes § 7-50-107" (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 § 7-50-107 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.