The species originally reported as [Co(bipy)2O2BOH]·[B5O6(OH)4]·H3BO3·H3O·H2O, a Co(II) complex containing a chelated O2BOH2- ligand, is shown to be [Co(bipy)2O2CO]·[B5O6(OH)4]·H3BO3·2H2O, a Co(III) complex containing a chelated O2CO2- ligand. This was confirmed by 1H and 13C NMR, MS, IR, and an X-ray crystal structure.