Statement Of Election (Nonprofit Corporation)

STATEMENT OF ELECTION. This form is used by corporate entities in Colorado to elect to adopt the provisions of Articles 121-137 of Title 7 of the Colorado Revised Statutes (C.R.S.), which govern nonprofit corporations. This filing indicates that the corporation has paid all required fees, taxes, and penalties to the state, and provides the necessary details about the election process, such as whether it was approved by members, stockholders, or the board of directors. If the corporation has issued stock, the form includes details about the cancellation of issued shares following the adoption of these provisions. The form also allows the corporation to specify a delayed effective date for the election. www.FormsWorkflow.com