The articles of incorporation of a cooperative association or corporation may be amended at any regular or special meeting of the stockholders or members of such association. The proposed amendment must be first approved by a two-thirds majority of the directors. The notice of such meeting shall state or have attached thereto the proposed amendment and shall be mailed to each member of record at least ten days prior to the meeting date; except that cooperative associations with less than one hundred members may post notice of such meeting in a conspicuous place at its normal place of business for at least thirty days prior to such meeting. The proposed amendment shall be approved by an affirmative vote of a majority of the stockholders or members present or voting by mail. A certificate stating such amendment and the adoption thereof shall be delivered to the secretary of state for filing pursuant to part 3 of article 90 of this title.L. 73: R&RE, p. 431, § 1. C.R.S. 1963: § 30-1-9. L. 83: Entire section amended, p. 871, § 25, effective July 1. L. 2003: Entire section amended, p. 2216, § 57, effective 7/1/2004. L. 2004: Entire section amended, p. 1409, § 33, effective July 1.
Colorado Legal Code