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2022 Colorado Code
Title 7 - Corporations and Associations
Article 56 - Cooperatives
Part 6 - Property Encumbrances, Business Combinations, and Property Sales
§ 7-56-601. Encumbering Property
Universal Citation:
CO Rev Stat § 7-56-601 (2022)
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The board of a cooperative has full power and authority, without approval of its members, to mortgage, pledge, encumber, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of the cooperative's property, whether or not in the usual and regular course of business, and to execute and deliver mortgages, deeds of trust, security agreements, or other instruments for such purposes.
Source: L. 96: Entire article R&RE, p. 512, § 1, effective July 1.
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