Statement of Dissolution - Limited Cooperative Association - Sample - Colorado

Statement of Dissolution - Limited Cooperative Association - 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 Limited Cooperative Association (LCA)?
A: A Limited Cooperative Association (LCA) is a legal entity that combines elements of a cooperative and a limited liability company.

Q: What is a Statement of Dissolution?
A: A Statement of Dissolution is a legal document that officially terminates the existence of a Limited Cooperative Association (LCA).

Q: How can I dissolve a Limited Cooperative Association in Colorado?
A: To dissolve a Limited Cooperative Association in Colorado, you must file a Statement of Dissolution with the Colorado Secretary of State.

Q: What information is required in a Statement of Dissolution?
A: The Statement of Dissolution must include the name of the Limited Cooperative Association, the effective date of dissolution, and a statement that all debts and obligations have been paid or that there are adequate provisions to satisfy them.

Q: What happens after filing a Statement of Dissolution?
A: After filing a Statement of Dissolution, the Limited Cooperative Association will no longer be recognized as a legal entity and its affairs will be concluded.

Q: Is it necessary to notify creditors and stakeholders when dissolving a Limited Cooperative Association?
A: Yes, it is recommended to notify creditors and stakeholders when dissolving a Limited Cooperative Association to ensure proper closure of business affairs.