Colorado § 7-58-1202 - Voluntary dissolution.
Full text of Colorado Colorado Revised Statutes § 7-58-1202 — Voluntary dissolution., with citation guidance and answers to common questions.
§ 7-58-1202. Voluntary dissolution.
(1) Except as otherwise provided in sections 7-58-1203 and 7-90-908, a limited cooperative association is dissolved and its activities must be wound up:
(a) Upon the occurrence of an event or at a time specified in the articles;
(b) Upon the action of the association's organizers, board of directors, or members under section 7-58-1205 or 7-58-1206; or
(c) Ninety days after the dissociation of a member that results in the association having one patron member and no other members, unless the association:
(I) Has a sole member that is a cooperative; or
(II) Not later than the end of the ninety-day period, admits at least one member in accordance with the articles or bylaws and has at least two members, at least one of which is a patron member.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 804, § 1, effective April 2, 2012.
Frequently Asked Questions About Colorado § 7-58-1202
What does Colorado Revised Statutes § 7-58-1202 cover?
Section 7-58-1202 ("Voluntary dissolution.") 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 § 7-58-1202?
A common citation format is "Colorado Revised Statutes § 7-58-1202" (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 § 7-58-1202 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.