Colorado § 7-58-1601 - Definitions.
Full text of Colorado Colorado Revised Statutes § 7-58-1601 — Definitions., with citation guidance and answers to common questions.
§ 7-58-1601. Definitions.
In this part 16, unless the context otherwise requires:
(1) "Constituent entity" means an entity that is a party to a merger.
(2) "Constituent limited cooperative association" means a limited cooperative association that is a party to a merger.
(3) "Converting limited cooperative association" means a converting entity that is a limited cooperative association.
(4) "Organizational documents" means articles of incorporation, bylaws, articles of organization, operating agreements, partnership agreements, and any other documents serving a similar function in the creation and governance of an entity.
(5) "Personal liability" means personal liability for a debt, liability, or other obligation of an entity imposed, by operation of law or otherwise, on a person that co-owns or has an interest in the entity:
(a) By the entity's organic statute solely because of the person co-owning or having an interest in the entity; or
(b) By the entity's organizational documents under a provision of the entity's organic statute authorizing those documents to make one or more specified persons liable for all or specified parts of the entity's debts, liabilities, and other obligations solely because the person co-owns or has an interest in the entity.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 812, § 1, effective April 2, 2012.
Cross references: For additional definitions applicable to this part 16, see § 7-90-102.
Frequently Asked Questions About Colorado § 7-58-1601
What does Colorado Revised Statutes § 7-58-1601 cover?
Section 7-58-1601 ("Definitions.") 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 § 7-58-1601?
A common citation format is "Colorado Revised Statutes § 7-58-1601" (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 § 7-58-1601 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.