Colorado Corporate Dissolution Law
Statutory Reference
COLORADO REVISED STATUTES, §§7-114-101 through 7-114-401
On and after the effective date of dissolution, the entity name of a dissolved corporation must
include the words "a dissolved Colorado corporation".
A dissolved corporation continues its corporate existence but may not carry on any
business except as is appropriate to wind up and liquidate its business and affairs,
including:
1. Collecting its assets;
2. Disposing of its properties that will not be distributed in kind to its shareholders;
3. Discharging or making provision for discharging its liabilities;
4. Distributing its remaining property among its shareholders according to their interests; and
5. Doing any other act necessary to wind up and liquidate its business and affairs.
Dissolution of a corporation does not:
1. Transfer title to the corporation's property;
2. Prevent transfer of its shares or securities, ...
3. Subject its directors or officers to standards of conduct different from those prescribed
in Title 7,Article 108;
4. Change quorum or voting requirements for its board of directors or shareholders; change
provisions for selection, resignation, or removal of its directors or officers or both; or change
provisions for amending its bylaws or its articles of incorporation;
5. Prevent commencement of a proceeding by or against the corporation in its corporate
name; or
6. Abate or suspend a proceeding pending by or against the corporation on the effective date of
dissolution.