Colorado § 7-55-106 - Power of directors.
Full text of Colorado Colorado Revised Statutes § 7-55-106 — Power of directors., with citation guidance and answers to common questions.
§ 7-55-106. Power of directors.
A majority of the board of directors of a cooperative association has full power or authority to authorize the execution and delivery of mortgages or deeds of trust upon, or the pledging of or encumbering of any or all of the property, assets, licenses, franchises, and permits or other things of value of, such association or corporation, whether acquired or to be acquired and wherever situated, as well as any revenues and incomes therefrom, all upon such terms and conditions as such board of directors determines, to secure any indebtedness of such corporation.
Source: L. 73: R&RE, p. 430, § 1. C.R.S. 1963: § 30-1-6.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-55-106
What does Colorado Revised Statutes § 7-55-106 cover?
Section 7-55-106 ("Power of directors.") 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 § 7-55-106?
A common citation format is "Colorado Revised Statutes § 7-55-106" (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 § 7-55-106 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.