Colo. Rev. Stat. § 38-33.5-101

Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
Section 38-33.5-101 - Method of formation - purpose

Cooperative housing corporations may be formed by any three or more adult residents of this state associating themselves to form a cooperative or nonprofit corporation, pursuant to article 55, 56, or 58 of title 7, C.R.S., or the "Colorado Revised Nonprofit Corporation Act", articles 121 to 137 of title 7, C.R.S. The specified purpose of the entity must be to provide each stockholder in or member of the entity with the right to occupy, for dwelling purposes, a house or an apartment in a building owned or leased by the entity.

C.R.S. § 38-33.5-101

L. 80: Entire article added, p. 704, § 1, effective July 1. L. 97: Entire section amended, p. 764, § 38, effective 7/1/1998. L. 2011: Entire section amended, (SB 11 -191), ch. 197, p. 820, § 5, effective 4/2/2012.