General powers
- Statute:
- Colorado §7-123-102 · Part NP (Colorado Revised Nonprofit Corporation Act)
- Topic:
- Governance · Powers
- Applies to:
- Nonprofit associations
Unless the articles limit them, a nonprofit corporation has the powers listed here (sue and be sued, make contracts, borrow, hold property, elect directors and officers). CCIOA §38-33.3-302 is the association-specific overlay.
📄 Read the official text at leg.colorado.gov →
How SoShiny helps with General powers
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Colorado §7-123-102 require?
- Unless the articles limit them, a nonprofit corporation has the powers listed here (sue and be sued, make contracts, borrow, hold property, elect directors and officers). CCIOA §38-33.3-302 is the association-specific overlay.
- Who does Colorado §7-123-102 apply to?
- Colorado §7-123-102 applies to Nonprofit associations in Colorado.
- What happens if our nonprofit corporation doesn't comply with §7-123-102?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Colorado community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Colorado §7-123-102?
- The official text is published by the Colorado General Assembly at leg.colorado.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with General powers?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Colorado §7-123-102 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Colorado-licensed attorney. For the official statutory text, see the link above.
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