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2021 Colorado Code
Title 7 - Corporations and Associations
Article 42 - Ditch and Reservoir Companies
§ 7-42-106. Assessments to Pay Purchase Price
Universal Citation: CO Code § 7-42-106 (2021)
When any such stock has been purchased or contract entered into for the purchase of the same, the corporation shall have the power to use its funds and to levy and collect assessments on the remaining outstanding capital stock in the manner provided by law for the payment of any other indebtedness, for the purpose of paying the purchase price of the stock so purchased.
History. Source: L. 21: P. 212, § 2. C.L. § 2358. CSA: C. 41, § 146. CRS 53: § 31-14-6 . C.R.S. 1963: § 31-14-6 .
ANNOTATION
Law reviews. For article, “Curative Statutes of Colorado Respecting Titles to Real Estate”, see 26 Dicta 321 (1949).
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