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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) A plan for consolidation or share or equity capital exchange must state the following:
(a) The entity name of each entity planning to consolidate or exchange shares or equity capital and the principal office address of its principal office;
(b) The entity name of the surviving entity, or of the acquiring entity, and the principal office address of its principal office;
(c) A statement that the consolidating entities are consolidated with the surviving entity, or that the acquiring entity is acquiring shares or equity capital of the other entities, and the section of this article pursuant to which the consolidation or exchange is effected;
(d) Any amendments to the articles of the surviving party to be effected by the consolidation or equity capital exchange; and
(e) With respect to agricultural and other cooperatives exempted from the operation of laws such as the federal and state securities or antitrust laws, any steps necessary to maintain such exemption if the cooperative wishes to maintain such status.
(2) The plan of consolidation or share or equity capital exchange may state any other provisions relating to the consolidation or share or equity capital exchange.
(2.3) A plan of conversion shall comply with section 7-90-201.3.
(2.7) A plan of merger shall comply with section 7-90-203.3.
(3) Nothing in this section shall be deemed to limit the power of a cooperative or other entity to acquire all or part of the shares or equity capital of another cooperative through a voluntary exchange or through an agreement with the members of such other cooperative.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 7. Corporations and Associations § 7-56-603. Procedure for consolidation, share or equity capital exchange, conversion, and merger - last updated January 01, 2025 | https://codes.findlaw.com/co/title-7-corporations-and-associations/co-rev-st-sect-7-56-603/
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 before relying on it for your legal needs.
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