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2020 Colorado Revised Statutes
Title 7 - Corporations And Associations
Article 30. Uniform Unincorporated Nonprofit Association Act
Section 7-30-109. Disposition of personal property of inactive nonprofit association.
Universal Citation: CO Rev Stat § 7-30-109 (2020)
(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:
If a document of the nonprofit association states a person to whom transfer is to bemade under those circumstances, to that person; or
If no person is so stated, to a nonprofit association or nonprofit corporation pursuingbroadly similar purposes or to a government, governmental subdivision, agency, or instrumentality.
Source: L. 94: Entire article added, p. 1274, § 1, effective May 22. L. 2003: Entire section amended, p. 2203, § 3, effective July 1, 2004.
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