Article 90 Colorado Corporations and Associations Act

This is not an official copy of the statutes. Please visit LexisNexis Legal Resources for the most current version.

Part 9 Delinquency - dissolution upon expiration of term - notice to creditors by enforcement of claims against dissolved entities

Subpart 2 Dissolution upon expiration of term or of delinquent entity

7-90-907. Dissolution upon expiration of term

(1) Repealed.

(2) A domestic entity shall automatically dissolve upon the expiration of the period of duration, if any, stated in its constituent filed document.

7-90-908. Dissolution of delinquent entity

(1) If a delinquent domestic entity has failed to cure its delinquency for three years or more, any manager of the domestic entity may cause it to dissolve by delivering to the secretary of state, for filing pursuant to part 3 of this article, a statement of dissolution of delinquent entity stating:

(a) The domestic entity name of the delinquent entity;

(b) The principal office address of the delinquent entity's principal office;

(c) That the entity is delinquent and has failed to cure its delinquency for three years or more; and

(d) That, at least thirty days prior to the delivery of the statement of dissolution of delinquent entity to the secretary of state, the delinquent entity has delivered written notice of the delinquent entity's plan to file a statement of dissolution of delinquent entity to all owners and other persons having authority under the organic statutes and under its constituent operating document to bring about or prevent dissolution of the entity and the delinquent entity has not received, as of the date the statement of dissolution of delinquent entity is delivered for filing to the secretary of state, written objections to dissolution from such number of such owners and other persons as would be sufficient to prevent voluntary dissolution of the delinquent entity under the organic statutes and its constituent operating document.

(2) A delinquent domestic entity is dissolved upon the effective date of its statement of dissolution of delinquent entity.

7-90-909. Notice of dissolution upon expiration of term. (Repealed)

7-90-910. Effect of dissolution under section 7-90-907 or 7-90-908

A domestic entity that is dissolved pursuant to section 7-90-907 or 7-90-908 continues its existence but may not carry on any business except as is appropriate to wind up and liquidate its business and affairs, and to give notice to claimants, in accordance with the organic statutes.

This is not an official copy of the statutes. Please visit LexisNexis Legal Resources for the most current version.