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2018 Colorado Revised Statutes
Title 7 - Corporations and Associations
Associations
Article 58 - Uniform Limited Cooperative Association Act
Part 8 - Directors and Officers
§ 7-58-820. Other considerations of directors
Universal Citation: CO Rev Stat ยง 7-58-820 (2018)
(1) Unless the articles otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long- and short-term interest of the association and its members, may consider:
(a) The interest of employees, customers, and suppliers of the association;
(b) The interest of the community in which the association operates; and
(c) Other cooperative principles and values that may be applied in the context of the decision.
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