Colorado § 7-58-514 - Voting requirements for members.
Full text of Colorado Colorado Revised Statutes § 7-58-514 — Voting requirements for members., with citation guidance and answers to common questions.
§ 7-58-514. Voting requirements for members.
(1) If a limited cooperative association has both patron and investor members, the following rules apply:
(a) The total voting power of all patron members must not be less than a majority of the entire voting power entitled to vote.
(b) Action on any matter is approved only upon the affirmative vote of at least a majority of:
(I) All members voting at the meeting unless more than a majority is required or permitted by parts 4, 12, 15, and 16 of this article or the articles or bylaws; and
(II) Votes cast by patron members unless the articles or bylaws require a larger affirmative vote by patron members.
(c) The articles or bylaws may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 784, § 1, effective April 2, 2012.
Frequently Asked Questions About Colorado § 7-58-514
What does Colorado Revised Statutes § 7-58-514 cover?
Section 7-58-514 ("Voting requirements for members.") 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 § 7-58-514?
A common citation format is "Colorado Revised Statutes § 7-58-514" (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 § 7-58-514 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.