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2017 Colorado Revised Statutes
Title 7 - Corporations and Associations
Corporations
Article 48 - Business Development Corporations
§ 7-48-110. Directors
Universal Citation: CO Rev Stat ยง 7-48-110 (2017)
The business and affairs of a corporation shall be conducted by a board of directors. The number of directors shall be a multiple of three. Two-thirds of the directors shall be elected by the members and one-third shall be elected by the stockholders. Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the stockholders shall be filled by the directors elected by the stockholders.
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