C.R.S. Section 7-133-102
Authorized distributions

(1)

A nonprofit corporation may:

(a)

Make distributions of its income or assets to its members that are domestic or foreign nonprofit corporations;

(b)

Pay compensation in a reasonable amount to its members, directors, or officers for services rendered; and

(c)

Confer benefits upon its members in conformity with its purposes.

(2)

Nonprofit corporations may make distributions upon dissolution in conformity with article 134 of this title.

Source: Section 7-133-102 — Authorized distributions, 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

§ 7-133-102’s source at colorado​.gov