(1) If a grantee described in a deed as an entity has not been formed at the time of the delivery of the deed to the grantee, the title to the real property described in the deed vests in the grantee when the entity is formed, and no other instrument of conveyance is required.
(2) As used in this section:
"Entity" has the meaning specified in section 7-90-102 (20), C.R.S.
"Formed" has the meaning specified in section 7-90-102 (29.5), C.R.S.
Source: L. 27: p. 607, § 49. CSA: C. 40, § 156. CRS 53: § 118-8-6. C.R.S. 1963: § 1188-6. L. 2015: Entire section amended, (SB 15-049), ch. 72, p. 192, § 1, effective August 5. 38-34-106. When corporate existence expires. When the corporate existence of any corporation having an interest in real property expires and there is an attempted renewal or extension of its corporate existence either within the time provided for by law or thereafter, a conveyance thereafter by such purported corporation vests in the grantee the interest of the former corporation, and where such cases have occurred prior to March 28, 1927, the title or interest so conveyed shall be presumed to have been properly passed to the grantee.
Source: L. 27: p. 607, § 50. CSA: C. 40, § 157. CRS 53: § 118-8-7. C.R.S. 1963: § 1188-7.