{"data":{"id":"us-co/c.r.s.-7-106-302","jurisdiction":"us-co","citation":"C.R.S. § 7-106-302","heading":"Corporation's acquisition of its own shares.","body":"(1) A corporation may acquire its own shares, and, except as provided by section 7-117-101 (6), shares so acquired constitute authorized but unissued shares.\n\n(2) If the articles of incorporation prohibit the reissuance of acquired shares:\n\n(a) The number of authorized shares is reduced by the number of shares acquired by the corporation, effective upon amendment to the articles of incorporation; and\n\n(b) The corporation shall deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, articles of amendment to the articles of incorporation, which are effective without shareholder action, that state:\n\n(I) The domestic entity name of the corporation;\n\n(II) The reduction in the number of authorized shares, itemized by class and series; and\n\n(III) The total number of authorized shares, itemized by class and series, remaining after reduction of the shares.","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 106 - Shares and Distributions","Part 3 - SUBSEQUENT ACQUISITION OF SHARES BY SHAREHOLDERS AND CORPORATION"],"source_url":"https://olls.info/crs/crs2026-title-07.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"b64d5960bac51f28e75204b953bf8943a15de52371bd1639fd59c5229e2bf47c","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-106-301","next":"us-co/c.r.s.-7-106-401"},"notice":"GroundRules: Original legal text. Not legal advice."}