Colo. Rev. Stat. § 7-42-106

Current through Chapter 492 of the 2024 Legislative Session

Section 7-42-106 - Assessments to pay purchase price

When any such stock has been purchased or contract entered into for the purchase of the same, the corporation shall have the power to use its funds and to levy and collect assessments on the remaining outstanding capital stock in the manner provided by law for the payment of any other indebtedness, for the purpose of paying the purchase price of the stock so purchased.

C.R.S. § 7-42-106

L. 21: p. 212, § 2. C.L. § 2358. CSA: C. 41, § 146. CRS 53: § 31-14-6. C.R.S. 1963: § 31-14-6.