Grounds for injunction, liquidation, and receivership of domestic society
C.R.S. § 10-14-607
in effect10-14-607. Grounds for injunction, liquidation, and receivership of domestic society. (1) The commissioner shall notify a domestic society when the commissioner upon investigation finds that a domestic society:
(a) Has exceeded its powers;
(b) Has failed to comply with any provision of this article;
(c) Is not fulfilling its contracts in good faith;
(d) Has a membership of less than four hundred after an existence of one year or more;
(e) Is conducting business fraudulently or in a manner hazardous to its members, creditors, or the public; or
(f) Is using methods which, although not otherwise specifically proscribed by statute, nevertheless renders its operation hazardous, or its condition unsound, to its members or the public.
(2) If the commissioner notifies a society pursuant to subsection (1) of this section, the commissioner may utilize the procedures, practices, standards, and provisions of parts 4 and 5 of article 3 of this title. In applying said provisions, the application of the assessment feature of the certificate shall be first considered.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-10.docx#10-14-607Fetched: 10/6/2026