Colo. Rev. Stat. § 7-133-102

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

C.R.S. § 7-133-102

L. 97: Entire article added, p. 719, § 3, effective 7/1/1998.