Statutes, codes, and regulations
Colorado Revised Statutes
Title 7 - CORPORATIONS AND ASSOCIATIONSCORPORATIONSNONPROFIT CORPORATIONS
Article 30 - UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
Section 7-30-103 - Territorial application

Colo. Rev. Stat. § 7-30-103

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Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
Section 7-30-103 - Territorial application

Real and personal property in this state may be acquired, held, encumbered, and transferred by a nonprofit association, whether or not the nonprofit association or a member has any other relationship to this state.

C.R.S. § 7-30-103

L. 94: Entire article added, p. 1272, § 1, effective May 22.

OFFICIAL COMMENT

This section is consistent with Restatement (Second) of Conflict of Laws Section 223 (1971). Section 3 (numbered as section 7-30-103 in C.R.S.) makes a conveyance or devise of land located in a state that has adopted this Act effective even though it would not be effective under the law of the state in which the nonprofit association has its principal office or other significant relationship. No relationship of the nonprofit association other than that the property is situated in the state is required.