C.R.S. Section 7-112-101
Sale or mortgage of property without shareholder approval

(1)

A corporation may, as authorized by its bylaws or by the board of directors:

(a)

Sell, lease, exchange, or otherwise dispose of any or all of its property in the usual and regular course of business;

(b)

Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of business; or

(c)

Transfer any or all of its property to a domestic corporation all the shares of which are owned, directly or indirectly, by the corporation.

(2)

Unless otherwise provided in the articles of incorporation, approval by the shareholders of a transaction described in subsection (1) of this section is not required.

Source: Section 7-112-101 — Sale or mortgage of property without shareholder approval, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-07.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 7-112-101’s source at colorado​.gov