Colorado § 7-58-803 - Qualifications of directors.
Full text of Colorado Colorado Revised Statutes § 7-58-803 — Qualifications of directors., with citation guidance and answers to common questions.
§ 7-58-803. Qualifications of directors.
(1) Unless the articles or bylaws otherwise provide, and subject to subsection (3) of this section, each director of a limited cooperative association must be an individual who is a member of the association or an individual who is designated by a member that is not an individual for purposes of qualifying and serving as a director; except that initial directors need not be members or designees of a member. A director must be at least eighteen years of age.
(2) Unless the articles or bylaws otherwise provide, a director may be an officer or employee of the limited cooperative association.
(3) If the articles or bylaws provide for nonmember directors, the number of nonmember directors may not exceed:
(a) One, if there are two to four directors;
(b) Two, if there are five to eight directors; or
(c) One-third of the total number of directors if there are at least nine directors.
(4) The articles or bylaws may provide qualifications for directors in addition to those in this section.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 791, § 1, effective April 2, 2012.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-58-803
What does Colorado Revised Statutes § 7-58-803 cover?
Section 7-58-803 ("Qualifications 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 § 7-58-803?
A common citation format is "Colorado Revised Statutes § 7-58-803" (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 § 7-58-803 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.