{"data":{"id":"us-co/c.r.s.-7-108-105","jurisdiction":"us-co","citation":"C.R.S. § 7-108-105","heading":"Terms of directors generally.","body":"(1) Except as provided in section 7-108-106, the terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.\n\n(2) Except as provided in section 7-108-106, the terms of all other directors expire at the next annual shareholders' meeting following their election.\n\n(3) A decrease in the number of directors does not shorten an incumbent director's term.\n\n(4) The term of a director elected to fill a vacancy pursuant to section 7-108-110 (1)(b) or 7-108-110 (1)(c) expires at the next annual shareholders' meeting at which directors are elected. The term of a director elected to fill a vacancy pursuant to section 7-108-110 (1)(a) shall be the unexpired term of the director's predecessor in office; except that, if the director's predecessor had been elected to fill a vacancy pursuant to section 7-108-110 (1)(b) or 7-108-110 (1)(c), the term of a director elected pursuant to section 7-108-110 (1)(a) shall be the unexpired term of the last predecessor elected by the shareholders.\n\n(5) Despite the expiration of the director's term, a director continues to serve until the director's successor is elected and qualifies.\n\n(6) (Deleted by amendment, L. 2004, p. 1497, § 252, effective July 1, 2004.)","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 108 - Directors and Officers","Part 1 - BOARD OF DIRECTORS"],"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":"e8e9ad17cbbe0ea94450ca8f92dfa5406ce505c93acb59ef6817c652d4aef9fe","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-108-104","next":"us-co/c.r.s.-7-108-106"},"notice":"GroundRules: Original legal text. Not legal advice."}