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2017 Colorado Revised Statutes
Title 7 - Corporations and Associations
Corporations
Article 30 - Uniform Unincorporated Nonprofit Association Act
§ 7-30-109. Disposition of personal property of inactive nonprofit association
Universal Citation: CO Rev Stat ยง 7-30-109 (2017)
(1) If a nonprofit association has been inactive for three years or longer, a person in possession or control of personal property of the nonprofit association may transfer the property:
(a) If a document of the nonprofit association states a person to whom transfer is to be made under those circumstances, to that person; or
(b) If no person is so stated, to a nonprofit association or nonprofit corporation pursuing broadly similar purposes or to a government, governmental subdivision, agency, or instrumentality.
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