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Colorado Statutes 7-52:101-106
7-52-101
The archbishop, bishop, president, trustee in trust, president of stake, president of congregation, overseer, presiding elder, or clergyman of any church or religious society who has been duly chosen, elected, or appointed in conformity with the constitutions, canons, rites, regulations, or discipline of said church or religious society and in whom shall be vested the legal title to the property of such church or religious society may make and subscribe written articles of incorporation, acknowledge the same before some officer authorized to take acknowledgments, and file the same with the secretary of state. The articles shall contain the name of the corporation, the purpose of the corporation, and the title of the person executing the articles.
7-52-102
Upon the filing of the articles of incorporation with the secretary of state, the person subscribing the articles and his successor in office by the name or title specified in the articles is a corporation sole, with perpetual succession.
7-52-103
A corporation sole may hold and maintain real, personal, and mixed property; contract in the same manner and to the same extent as a natural person; sue and be sued; acquire real and personal property by purchase, devise, bequest, gift, or otherwise and hold, own, use, lease, assign, convey, or otherwise dispose of the same in like manner and to the same extent as a natural person; borrow money, issue notes or other negotiable paper, and secure the money borrowed by mortgage or by deed of trust on said real or personal property or any part thereof; borrow money without security; and perform all other acts in furtherance of the objects and purposes of the corporation not inconsistent with the statutes of this state.
7-52-104
In the event of the death or resignation of the archbishop, bishop, president, trustee in trust, president of stake, president of congregation, overseer, presiding elder, or clergyman who has been incorporated as a corporation sole under sections 7-52-101 and 7-52-102, or his removal from office by the person or body having the authority to remove him, his successor in office as the corporation sole shall be vested with the title of all property held by his predecessor with the same power and authority over the property, subject to all the legal liabilities and obligations with reference to the property, upon the filing with the secretary of state of a certificate of his commission or certified copy of his letter of election or appointment. In the interim between the appointment of a successor in office to said corporation sole, the person who is charged by said church or religious society pursuant to its constitution, canons, rites, regulations, or discipline to administer said church or religious society shall be vested with the title to any property held by the corporation sole with like powers and authority over the same, upon the filing with the secretary of state of a certificate of his commission or certified copy of his letter of appointment as such administrator.
7-52-106
Upon the death, resignation, or removal of an archbishop, bishop, president, trustee in trust, president of stake, president of congregation, overseer, presiding elder, or clergyman who at the time of his death, resignation, or removal was holding the title to trust property for the use or benefit of a church or religious society but was not incorporated under this article as a corporation sole, the title to all such property held by him shall not revert to the grantor nor pass to the heirs of the deceased person but shall be held in abeyance until his successor is appointed to fill the vacancy. Upon the appointment of the successor, the title of all the property held by his predecessor immediately vests in the person appointed to fill the vacancy.
7-52-106
Except as this article is specifically in conflict therewith, the provisions of the nonprofit corporation code shall be applicable to this article.
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