Colorado Cooperative Law
One key attribute of the law of Colorado Cooperatives is that despite statutory prescription of governing characteristics, which is likewise the case under the Colorado Business Corporations Act, most such governing characteristics can be superseded by the Cooperative’s Bylaws. Said another way, while creatures of statute, Colorado Cooperatives are granted flexible and broad rights to self-determination under the law. The members of the cooperative are given the opportunity to create an entity that fits their needs.
This is not legal advice. Please consult an attorney for your specific questions regarding your cooperative.