Colorado Statutes

§ 7-102-104 — Unauthorized assumption of corporate powers

Colorado·Title 07 Corporations·Art. Incorporation
All persons purporting to act as or on behalf of a corporation without authority to do so and without good faith belief that they have such authority shall be jointly and severally liable for all liabilities incurred or arising as a result thereof.

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Legislative History

Source: L. 93: Entire article added, p. 744, � 1, effective July 1, 1994.

Nearby Sections

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