This article discusses HB 21-1124, which amended the Colorado Corporations and Associations Act and the Colorado Business Corporation Act.
In anticipation of Colorado’s 2021 legislative session, the Business Entities Drafting Committee of the CBA’s Business Law Section (Committee) proposed changes to the Colorado Corporations and Associations Act1 (CCAA) and the Colorado Business Corporation Act2 (CBCA). The proposed changes, which permit electronic communications and recordkeeping and virtual meetings, were submitted to and approved by both the House and Senate in the form of HB 21-1124.3 The bill became effective on the Governor’s signature4 on April 19, 2021, and “applies to conduct occurring on or after the effective date of this act.”5
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