C.R.S. Section 7-126-304
Residential membership

  • return of consideration
  • cessation of periodic payments
  • time limits
  • effective date

(1)

Notwithstanding any provision of the articles of incorporation or bylaws to the contrary:

(a)

Intentionally left blank —Ed.

(I)

A residential nonprofit corporation shall refund the entrance fee of a residential member to the member or his or her heirs within ninety days after a transfer of the residential membership.

(II)

Intentionally left blank —Ed.

(A)

This paragraph (a) applies only to contracts entered into on or after March 11, 2011.
(B)(Deleted by amendment, L. 2012.)(b)(Deleted by amendment, L. 2012.)

Source: Section 7-126-304 — Residential membership - return of consideration - cessation of periodic payments - time limits - effective date, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-07.­pdf (accessed Dec. 24, 2024).

Green check means up to date. Up to date

Current through Fall 2025

§ 7-126-304’s source at colorado​.gov