2018 Colorado Revised Statutes
Title 7 - Corporations and Associations
Associations
Article 58 - Uniform Limited Cooperative Association Act
Part 8 - Directors and Officers
§ 7-58-809. Vacancy on board
(1) Unless the articles or bylaws otherwise provide, a vacancy on the board of directors must be filled:
(a) Within a reasonable time by majority vote of the remaining directors, until the next annual members meeting or a special meeting of members is called to fill the vacancy; and
(b) For the balance of the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy.
(2) Unless the articles or bylaws otherwise provide, if a vacating director was elected or appointed by a class of members or a district:
(a) The new director must be of that class or district; and
(b) The selection of the director for the unexpired term must be conducted in the same manner as would the selection for that position without a vacancy.
(3) If a member appointed a vacating director, the articles or bylaws may provide for that member to appoint a director to fill the vacancy.
