Statement Of Election ( 55 Cooperative Associations)

STATEMENT OF ELECTION. This form is used by entities in Colorado to formally elect not to be governed by certain provisions of Article 55 of the Colorado Revised Statutes (C.R.S.), typically related to nonprofit corporations. This form requires the entity's ID number, name, and a resolution from the board of directors, members, or stockholders stating their decision not to be subject to Article 55. The filing includes a $150 processing fee and may specify a delayed effective date. The form must be filed in accordance with § 7-90-301 and § 7-55-113 of the C.R.S., and the individual submitting the form must affirm the accuracy of the document under penalties of perjury. www.FormsWorkflow.com