{"data":{"id":"us-co/c.r.s.-7-56-607","jurisdiction":"us-co","citation":"C.R.S. § 7-56-607","heading":"Consolidation or share or equity capital exchange with foreign business.","body":"(1) One or more domestic cooperatives may consolidate or enter into a share or equity capital exchange with one or more foreign entities if:\n\n(a) In a consolidation, the consolidation is permitted by the law of the jurisdiction under which each foreign entity is formed and each foreign entity complies with that law in effecting the consolidation;\n\n(b) In a share or equity capital exchange, the cooperative whose shares or equity will be acquired is a domestic or foreign cooperative, and if a share or equity capital exchange is permitted by the law of the jurisdiction under the law of which the acquiring entity is formed;\n\n(c) The foreign entity complies with the provisions of section 7-56-605 if it is the surviving or new entity in a consolidation or acquiring entity in a share or equity capital exchange; and\n\n(d) The foreign entity is the surviving entity in the consolidation or the acquiring entity of the share or equity capital exchange and it complies with section 7-56-605.\n\n(1.5) (Deleted by amendment, L. 2007, p. 222, § 8, effective May 29, 2007.)\n\n(2) Upon the consolidation or share or equity capital exchange taking effect, the surviving foreign entity of a consolidation and the acquiring foreign entity of a share or equity capital exchange:\n\n(a) Shall either:\n\n(I) Appoint a registered agent if the foreign entity has no registered agent and maintain a registered agent pursuant to part 7 of article 90 of this title, whether or not the foreign entity is otherwise subject to that part, to accept service in any proceeding based on a cause of action arising with respect to any domestic entity that is merged into the foreign entity or the ownership interests of which are acquired in a share or equity capital exchange; or\n\n(II) Be deemed to have authorized service of process on it in connection with any such proceeding by mailing in accordance with section 7-90-704 (2); and\n\n(b) Shall comply with part 8 of article 90 of this title if it is to transact business or conduct activities in this state.\n\n(3) (Deleted by amendment, L. 2004, p. 1417, § 58, effective July 1, 2004.)\n\n(4) Subsection (2) of this section does not prescribe the only means, or necessarily the required means, of serving a surviving foreign entity in a consolidation or an acquiring foreign entity in a share or equity capital exchange.\n\n(5) This section does not limit the power of a foreign entity to acquire all or part of the shares of one or more classes or series of a domestic cooperative through a voluntary exchange of shares or otherwise.","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 56 - Cooperatives","Part 6 - PROPERTY ENCUMBRANCES, BUSINESS COMBINATIONS, AND PROPERTY SALES"],"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":"d0316fa2f89df5ffc0e4405d95ed1b50fa77137ab7b550525c0784601edadffd","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-56-606.5","next":"us-co/c.r.s.-7-56-608"},"notice":"GroundRules: Original legal text. Not legal advice."}