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Current as of January 01, 2022 | Updated by FindLaw Staff
(1) A corporation may, as authorized by its bylaws or by the board of directors:
(a) Sell, lease, exchange, or otherwise dispose of any or all of its property in the usual and regular course of business;
(b) Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of business; or
(c) Transfer any or all of its property to a domestic corporation all the shares of which are owned, directly or indirectly, by the corporation.
(2) Unless otherwise provided in the articles of incorporation, approval by the shareholders of a transaction described in subsection (1) of this section is not required.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 7. Corporations and Associations § 7-112-101. Sale or mortgage of property without shareholder approval - last updated January 01, 2022 | https://codes.findlaw.com/co/title-7-corporations-and-associations/co-rev-st-sect-7-112-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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