Certificate of Amendment - Article 55 Cooperative Association as a Public Benefit Corporation - Sample - Colorado

Certificate of Amendment - Article 55 Benefit Corporation - Sample is a legal document that was released by the Colorado Secretary of State - a government authority operating within Colorado.

FAQ

Q: What is a Certificate of Amendment?
A: A Certificate of Amendment is a legal document used to make changes to the articles or bylaws of a corporation or cooperative association.

Q: What is Article 55?
A: Article 55 refers to the specific section in the articles or bylaws of a cooperative association that is being amended.

Q: What does it mean for a cooperative association to be a Public Benefit Corporation?
A: A Public Benefit Corporation is a type of corporation that is formed to pursue both public benefits and profits. It is accountable to the public for achieving its stated public benefit purposes.

Q: What is the purpose of amending Article 55 to make a cooperative association a Public Benefit Corporation?
A: Amending Article 55 to make a cooperative association a Public Benefit Corporation allows the association to formalize its commitment to pursue public benefit purposes in addition to its traditional cooperative goals.

Q: What are some examples of public benefit purposes in a cooperative association?
A: Public benefit purposes in a cooperative association can include promoting economic opportunity, community development, or social and environmental benefits.