Colorado Revised Statutes Title 7. Corporations and Associations § 7-101-508. Derivative suits

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(1) Shareholders of a public benefit corporation may maintain a derivative lawsuit to enforce the requirements of section 7-101-506(1) if the shareholders own, individually or collectively, as of the date of instituting a derivative suit, either:

(a) At least two percent of the corporation's outstanding shares;  or

(b) In the case of a corporation with shares listed on a national securities exchange, the lesser of two percent of the corporation's outstanding shares or shares of at least two million dollars in market value.

Cite this article: FindLaw.com - Colorado Revised Statutes Title 7. Corporations and Associations § 7-101-508. Derivative suits - last updated January 01, 2019 | https://codes.findlaw.com/co/title-7-corporations-and-associations/co-rev-st-sect-7-101-508/


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