Colo. Rev. Stat. § 7-101-504

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session

Section 7-101-504 - Nonprofit corporations

A nonprofit corporation cannot be a constituent entity in connection with any merger with or conversion into a public benefit corporation.

C.R.S. § 7-101-504

Amended by 2022 Ch. 33, § 1, eff. 8/10/2022.

Amended by 2019 Ch. 166, § 27, eff. 7/1/2020.

Amended by 2017 Ch. 386, § 2, eff. 8/9/2017.

Added by 2013 Ch. 230, § 1, eff. 4/1/2014.

L. 2013: Entire part added, (HB 13-1138), ch. 1100, p. 1100, § 1, effective 4/1/2014. L. 2017: (2), (4)(b), and (4)(c) amended and (4)(d) added, (HB 17-1200), ch. 2000, p. 2000, § 2, effective August 9. L. 2019: (3) amended, (SB 19-086), ch. 1925, p. 1925, § 27, effective 7/1/2020.

Section 72 of chapter 166 (SB 19-086), Session Laws of Colorado 2019, provides that the act changing this section applies to conduct occurring on or after July 1, 2020.

2022 Ch. 33, was passed without a safety clause. See Colo. Const. art. V, § 1(3).