(1) The law applicable to conflicts of interest relating to a director of an entity organized under the 'Colorado Business Corporation Act', articles 101 to 117 of this title, governs conflicts of interest relating to a limited cooperative association and a director.(2) A director does not have a conflict of interest under this article or the articles and bylaws solely because the director's conduct relating to the duties of the director may further the director's own interest.L. 2011: Entire article added, (SB 11 -191), ch. 197, p. 796, § 1, effective 4/2/2012.
Colorado Legal Code