Colorado Code § 32-4-525

Incontestable recital in securities
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Any resolution authorizing, or other
instrument appertaining to, any securities under this part 5 may provide that each security therein
authorized shall recite that it is issued under authority of this part 5. Such recital shall
conclusively impart full compliance with all of the provisions of this part 5, and all securities
issued containing such recital shall be incontestable for any cause whatsoever after their delivery
for value.

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