{"data":{"id":"us-co/c.r.s.-7-58-604","jurisdiction":"us-co","citation":"C.R.S. § 7-58-604","heading":"Security interest and set-off.","body":"(1) A member or transferee may create an enforceable security interest in its financial rights in a limited cooperative association.\n\n(2) Unless the articles or bylaws otherwise provide, a member may not create an enforceable security interest in the member's governance rights in, or in the right or obligation, if any, to do business with, a limited cooperative association.\n\n(3) The articles or bylaws may provide that a limited cooperative association has a security interest in the financial rights of a member to secure payment of any indebtedness or other obligation of the member to the association. A security interest provided for in the articles or bylaws is enforceable under, and governed by, article 9 of title 4, C.R.S.\n\n(4) Unless the articles or bylaws otherwise provide, a member may not compel the limited cooperative association to offset financial rights against any indebtedness or obligation owed to the association.","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 58 - Uniform Limited Cooperative Association Act","Part 6 - MEMBER'S INTEREST IN LIMITED COOPERATIVE ASSOCIATION"],"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":"94d864d2eaf0141dd865712b80fe8bf7947a74d540a93cccfdee63d2bcd89c6b","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-58-603","next":"us-co/c.r.s.-7-58-605"},"notice":"GroundRules: Original legal text. Not legal advice."}