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Colorado Revised Statutes Title 7. Corporations and Associations § 7-126-304. Residential membership--return of consideration--cessation of periodic payments--time limits--effective date

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Notwithstanding any provision of the articles of incorporation or bylaws to the contrary:

(a)(I) A residential nonprofit corporation shall refund the entrance fee of a residential member to the member or his or her heirs within ninety days after a transfer of the residential membership.

(II)(A) This paragraph (a) applies only to contracts entered into on or after March 11, 2011.

(B) Deleted by Laws 2012, Ch. 39, § 1, eff. March 22, 2012.

(b) Deleted by Laws 2012, Ch. 39, § 1, eff. March 22, 2012.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 7. Corporations and Associations § 7-126-304. Residential membership--return of consideration--cessation of periodic payments--time limits--effective date - last updated January 01, 2025 | https://codes.findlaw.com/co/title-7-corporations-and-associations/co-rev-st-sect-7-126-304/

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