10-16-303. Filing of articles of incorporation.
Statute text
(1) Whenever any number of persons associate to form a corporation for any of the purposes named in section 10-16-302, they shall submit articles of incorporation which shall be issued in triplicate to the commissioner and the attorney general for examination. After being approved by such officers, the articles shall be filed and recorded in the office of the secretary of state who shall issue a certificate of incorporation. A copy of such articles, certified by the secretary of state, shall be filed with the commissioner.
(2) When not less than the amount required by section 10-16-310 is deposited with the commissioner, as provided for in this part 3, the commissioner shall cause an examination to be made either by the commissioner or some disinterested person, especially appointed by the commissioner for the purpose, who shall certify that the provisions of part 1 of this article and this part 3 have been complied with by said corporation, as far as applicable thereto. Such certificate shall be filed in the office of the commissioner, who shall thereupon deliver to such corporation a certified copy thereof, which, together with a copy of the articles of incorporation, shall be filed in the office of the clerk and recorder of the county wherein the principal office of the company is to be located, before the authority to commence business is granted.
(3) Whenever any such corporation thereafter desires to amend its articles of incorporation, it shall file its certificate of amendment with the commissioner before filing the same with the secretary of state, and if the commissioner, with the advice of the attorney general, finds the same to have been legally adopted and to be in due legal form and not in conflict with the provisions of law governing such corporations, then, and not otherwise, such certificate of amendment shall be filed with the secretary of state.
(4) Any corporation organized under the laws of this state relating to corporations not for profit prior to July 1, 1967, for the purposes named in section 10-16-302, shall within one year after July 1, 1967, comply with all of the provisions of this section and shall thereupon become subject to and be governed by said provisions.
History
Source: L. 92: Entire article R&RE, p. 1682, 1, effective July 1.
Annotations
Editor's note: This section is similar to former 10-16-104 as it existed prior to 1992.
Annotations
ANNOTATION
Annotations
Annotator's note. Since 10-16-303 is similar to 10-8-103, 10-8-116, 10-8-122, 10-8-122.2, 10-16-104, 10-16-114.6, and 10-17-131.6 as they existed prior to the 1992 repeal of part 1 of article 8 and article 17 of this title, and to the 1992 repeal and reenactment of this article 16, relevant cases construing those provisions have been included in the annotations to this section.
Minimum requirements of all sickness and accident insurance policies. Compliance with this section will not insulate insurance company from liability for aiding and abetting discrimination. Civil Rights Comm'n v. Travelers Ins., 759 P.2d 1358 (Colo. 1988).
Insurance policy excluding disability coverage for normal pregnancies was discriminatory on the basis of sex. Civil Rights Comm'n v. Travelers Ins., 759 P.2d 1358 (Colo. 1988) (decided prior to the enactment of 10-16-114.6).
A policy provision that benefits were payable for covered expenses incurred within 52 weeks from the date of the first medical expenses for an injury or sickness which is also the basis for the claim, did not forever bar the recovery of claims resulting from any covered injury or sickness that occurred during any previous period. Bumpers v. Guarantee Trust Life Ins. Col, 826 P.2d 358 (Colo. App. 1991).