Colorado § 7-51-105 - Powers of corporation.
Full text of Colorado Colorado Revised Statutes § 7-51-105 — Powers of corporation., with citation guidance and answers to common questions.
§ 7-51-105. Powers of corporation.
(1) Corporations formed under this article:
(a) Shall be bodies corporate and politic in fact and in name, by the name stated in the affidavit, and by that name have succession for the period for which they are organized;
(b) May sue and be sued in any court in this state;
(c) May have a common seal which they may alter or renew at pleasure by filing an impression of the same in the office of the clerk and recorder of the county in which any such corporation may be formed under this article;
(d) May own, possess, and enjoy so much real and personal property as is necessary for the transaction of their business, whether acquired by purchase, grant, devise, gift, or otherwise;
(e) May from time to time sell and dispose of real and personal property or any part thereof when not required for the use of the corporation; and
(f) May borrow money and pledge their franchises and property, both real and personal, to secure the payment thereof and may exercise all the powers necessary and requisite to carry into effect the object for which they may be formed under this article.
Source: L. 1879: p. 35, § 5. G.S. § 388. R.S. 08: § 1038. C.L. § 2404. CSA: C. 41, § 201. CRS 53: § 31-22-5. C.R.S. 1963: § 31-21-5.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-51-105
What does Colorado Revised Statutes § 7-51-105 cover?
Section 7-51-105 ("Powers of corporation.") 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 § 7-51-105?
A common citation format is "Colorado Revised Statutes § 7-51-105" (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 § 7-51-105 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.